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Surged overnight from NZ$0.6854 to NZ$0.6906...>

KIWI
KIWI: Surged overnight from NZ$0.6854 to NZ$0.6906 following the appointment of
Adrian Orr as the next RBNZ governor. Orr seen by many as an inflation hawk is
scheduled to start his 5-year term on Mar27. Demand continued into Europe, rate
touched extended session highs of NZ$0.6930 before fading. Next resistance is
seen at NZ0.6945/48 (Nov28 high, 50-dma). Last NZ0.6922.

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