The kiwi has comfortably regained the 0.69 handle. As economists at ANZ bank note, the AUD remains in the driving seat; that could see NZD/USD and NZD/AUD diverge.

NZD story is a good one but it may not be as good as the AUD

“The NZD story is a good one, but having ‘gone early’ with the recovery and hikes, it may not be as good as the AUD story; so, could we be in for a period of slight gains against the USD but losses against the AUD as the latter re-awakens?”

“Support 0.6540/0.6715 – Resistance 0.6995/0.7105/0.7225”