Today was breakout day for the Kiwi Dollar as it broke above the psychological .5000 whole number resistance. It managed to hold on to these gains at the close of the New York session.
The failure of sellers to drive prices much below the March lows established a nice base of support for buyers to begin the drive north. 5469 is the first level of significant resistance and would be a good place to take partial profits. There may be enough gas in the tank for Kiwi dollar to hit the .6000 area in the coming weeks.
