The pair is trading at session highs of 0.7109 after bouncing off the lows today
The kiwi is the best performing major currency as we head into the European trading day. I've been highlighting the current levels of NZD/USD as being a tug of war between buyers and sellers - and we're still trying to find out which side is going to win out.
The pair fell in Asian trading as the dollar caught a bit of a late bid following the release of the Dec FOMC minutes yesterday. The low posted was 0.7073, and the support from yesterday's low managed to help keep buyers interested to make another run up.
Now, we're at the point where the key resistance levels on the daily chart plays a role again. This again, would be the key level for buyers to break through to make another run up higher. The pair has been failing to break through this level since the new year, and if today's trading fails to see the struggle ending - then the decider will surely be tomorrow's NFP reading.
