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NZD/USD extends gains above 0.7830

FXStreet (Córdoba) - NZD/USD rose further during the American session and printed a fresh 2-week high at 0.7847 despite the decline in Wall Street.

The pair is rising for the fourth day in a row and is about to post the strongest daily close since December 1st as it continues to recover from 2-year lows. Currently trades at 0.7840/45, up 0.70% for the day.

NZD/USD breaks key resistance

The kiwi gained momentum against the US dollar after breaking a short term downtrend line originated at November highs that was standing around 0.7795.