FXStreet reports that analysts at Credit Suisse apprise that NZD/USD continues to grind higher, prodding above the 0.6942/45 highs to test the even more important December 2018 high at 0.6970.

“Although we might see another reversal back lower, with a major base in place, as well as the recently completed bull ‘triangle’, we stay biased higher medium-term and look for an eventual clear close above the key 2019 and recent range highs at 0.6942/45.” 

“Beyond 0.6945 would see the December 2018 high at 0.6970 just above. Removal of here in due course should subsequently see an acceleration of upside momentum, up to the June 2018 high at 0.7054/60 and eventually 0.7111/58.” 

“First support is seen at 0.6913/05, then 0.6879/62, below which would trigger a correction back to the ‘neckline’ to the large base at 0.6811/6796."