The kiwi-dollar advanced higher reaching a temporary resistance at .7000. The overnight gains were mostly caused by the much better than expected Australian Unemployment figures. The recovery of both NZD and AUD against the dollar is likely to continue, .7150 being the next key objective, once the .7000/20 resistance region will be breached. In case of pullbacks, support should emerge around .6950 and .6900. Below .6900, downtrend resumes. Current quote is .6987 @07:10 GMT
Support: .6950, .6900, .6850/60, .6800 and .6750
Resistance: .7000/20, .7100 and .7150
Market sentiment: long term – bullish, medium term – slightly bearish, short term – bearish, intra-day – bullish
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