To continue the upward movement of the kiwi, it is necessary first to gain a foothold behind the first resistance in the area of 0.65, and then start the assault on 0.665. Moving averages are situated at the same points on the chart, which confirms the possibility of further upward movement, and the currency itself can stop moving for a week or two to get out of the overbought zone, and then start growing again. If the kiwi manages to rise to 0.68, then it will have a relatively easy road to 0.72 and 0.75 technically.

The US dollar failed to overcome the resistance at 0.655 and after that gradually began to lose ground against the New Zealand currency. For a month and a half, the kiwi strengthened from 0.652 to 0.69 and will continue to strengthen, judging by the technical picture. The trend of the movement is clearly positive, the kiwi left behind the 200-day moving average. Support will be at 0.68, the nearest resistance is 0.7, after which a rally to 0.72 is possible and a small stop for consolidation.