RTTN:NZ Dollar Trades Nearly 3-month High Against Australian Dollar
(RTTNews) - The New Zealand dollar advanced to 1.2908 against the Australian dollar in early European deals on Wednesday, its highest level since October 24, 2011. On the upside, the kiwi may find target around the 1.2870 level.
The New Zealand currency also reached closer to 62.0 against the yen and this set the highest mark for the pair since November 9, 2011. If the kiwi-yen pair strengthens further, it may find target around the 62.45 level.
Against the US dollar, the kiwi climbed to a 2-1/2 month high of 0.8072 around 6:00 am ET. The kiwi-buck pair is presently worth 0.8070 with 0.8110 seen as the next likely resistance level.
