NZ Dollar Climbs Against Majors

Reversing direction, the New Zealand dollar strengthened against the other major currencies in European deals on Tuesday.

The kiwi climbed to a 6-day high of 0.7177 against the greenback and a 1-week high of 1.0742 versus the aussie, off early lows of 0.7086 and 1.0820, respectively.

The kiwi reversed from an early near 6-month low of 1.5936 against the euro and edged up to 1.5717.

The kiwi, having fallen to an 8-day low of 88.27 versus the yen in early deals, reversed direction with pair trading at 88.94.

The next possible resistance for the kiwi is seen around 0.725 against the greenback, 89.00 against the yen, 1.55 against the euro and 1.05 against the aussie.

The material has been provided by InstaForex Company – www.instaforex.com

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