NZD/USD climbs to highs of the session despite the strength of the USD

The pair NZD/USD gained some bullish momentum in the last hour and reached the highs of the session at 0.7022. At this moment the pair is up 0.13%, to 0.7020. The rise of the pair entered while the greenback gained strength against its major rivals.

The index of the dollar of EE.UU is maintained near the maximum daily around 99.90 during the american session. This inconsistency suggests that the pair may be reacting to the flows of end-of-week. The data today from the united States were ignored by the participants.

The yields of the Treasury bonds of the united States, which have been the main engine of the movements of the USD, also remain stable on Friday and do not provide any idea about the sentiment of the market.

However, the pair continues to move in a range of 30 pips on Friday and there are no signs that point to a new trend. In fact, the trading range for the pair during the whole week was around 70 pips. From the beginning of the month, the pair remained between 0.6900 and 0.7050.

Technical perspective

The immediate resistance for the pair is 0.7050 (maximum of Thursday) in the hopes of 0.7080 (DMA 100), and 0.7130 (DMA 200).

To the downside, support could be seen at 0.7000 (psychological level) followed by 0.6975 (April 14) and 0.6910 (April 12).

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