Reasons Why New Zealand Dollar May Keep Rising Against the US Dollar

[kreslik.news]

This article was written by Aayush Jindal, currency analyst at Titan FX.

The New Zealand dollar enjoyed back to back weekly gains against the US Dollar, as the NZD/USD pair traded above a couple of crucial resistance levels including 0.6900 and 0.7200.

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Let us try to find out the key reasons which drove the Kiwi dollar higher and whether it may continue to move higher versus the US Dollar.

Below are a few reasons why the NZD did well during the past few weeks:
[list=1][*]Gain in dairy prices ... (read more)