Daily FX Wrap and Strategy

The NZD/USD sits notably higher at 0.8370 this morning.The NZD was a beneficiary of fairly placid marketsovernight and solid risk appetite, in the wake of lastFriday’s payrolls release. The NZD/USD gapped through the technical resistancelevel around 0.8340 overnight (which marked the earlyDecember highs). It rapidly pushed up to touch above0.8380 before returning to trade at 0.8370 this morning.

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BNZ