Technical Analysis – NZDUSD, Daily: New Zealand dollar targets 3-decade high of 0.8840 against US dollar
Posted on June 27, 2014 at 9:26 am GMT[caption id="attachment_17898" align="alignnone" width="555"] (click to enlarge)[/caption] The New Zealand dollar or the kiwi has been the best performing developed market currency in the world so far during 2014. It has gained 6.7% against the US dollar since the beginning of the year. The kiwi is currently eyeing the 0.8840 level that it achieved back in April of 2011. That was the highest exchange rate since the early 80s, when foreign exchange controls were still in place in New Zealand. [..]