The pair hit session highs of 0.6813, but has pared gains to currently trade at 0.6786 levels.
Data released earlier today showed that New Zealand overseas trade index stood at +4.4% versus +0.9% expected.But, NZD bulls seem to shrugged-off upbeat overseas trade index.
Markets now await the ISM manufacturing PMI report from the US docket and Fonterra’s dairy auction results due later in the NA session for direction.
Technicals in the pair suggest further upside, and Stochs are biased higher and line is showing a crossover on signal line.
Good to go long on dips around 0.6770/80, SL: 0.6730, TP: 0.68/0.6845