Nick Nasad
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NZD/USD - As Equities and Risk Sentiment RIse, Kiwi's Uptrend Hits 7th Session


The NZD/USD continues to respect its upward sloping channel. Following the rally to 0.8520, the pair pullback to 0.8450, before finding support and rallying further.

The uptrend is now into its 7th session and therefore should be looked at also from a longer term perspective to give some context to the recent moves. However, if USD weakness continues, lets say positive risk-sentiment fuels carry trade, then the Kiwi would be a good target to benefit from that.

- Nick