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Bulls Remain In Control


Light NZD outperformance allows NZD/USD to test Wednesday's high print of $0.7212, which is the best level seen since mid-2018. The rate is peeking above there as we type, last trades +10 pips at $0.7214.

  • Further gains would shift focus to 100-MMA at $0.7228, which capped gains in 2016 & 2017. A break above there would expose the upper 3.0% Bollinger band at $0.7251. Bears keep an eye on Dec 28 low of $0.7084.
  • CoreLogic House Prices hit the wires next week.

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