RTTN: NZ Dollar Soars To New Multi-month Highs Against Greenback
(RTTNews) - During early New York trading on Tuesday, the New Zealand dollar edged higher against its major counterparts.
The NZ dollar advanced to 0.7474 against the greenback by 8:30 am ET, the highest level since November 18, 2009. On the upside, 0.7580 is seen as the next possible resistance for the New Zealand dollar.
After moving broadly sideways, the New Zealand dollar rose to as high as 62.24 against the yen before inching lower around 8:30 am. The kiwi-buck pair is presently worth 62.14 with 63.0 seen as the next likely target level.
Simultaneously, the New Zealand dollar breached above the 1.29 level against the Australian currency for the first time since September 20. If the kiwi strengthens further, likely resistance level is seen at 1.2830.
The New Zealand dollar also reached as high as 1.8468 against the euro before reversing its course around 8:20 am ET. The euro-kiwi pair is presently quoted at 1.8501.
