NZD/USD makes progress above 0.8630

FXStreet (Bali) - NZD/USD has retained its bullish tone in the early going of Tokyo, with the exchange rate current breaking through 0.8630 to post a session high at 0.8644 ahead of 0.8650/60 resistance.

Technically, Jim Langlands, Founder at FXCharts, notes: "The shorter term indicators look positive and if today’s high can be overcome, then minor downtrend resistance at around 0.8660 should see selling interest."

"A break of this would most likely trigger some weak stops, taking the Kiwi to 0.8680/0.8700. I would not see it much beyond here today, but if wrong, then look for a run towards the recent 0.8745 high", Langlands adds.