Kiwi higher for seventh consecutive day

Author: Adam Button | Category: News

The kiwi tends to trend nicely but it’s the first seven-day gain since March.

NZD/USD hit buy stops above 0.8356 and more through 0.8370. The odds now highly favor a day or two of declines as the market re-calibrates.

I warn that the pullback might be shallow and could represent a better buying opportunity than a chance for a extended short.