The kiwi likes it
The longer timeline for New Zealand banks to increase capital buffers spurred some confidence in the financial sector and led to a 20 pip jump in the kiwi dollar.
The rally above 0.6545 is the first time above the 200-dma in NZD/USD since late July.
I’m a fan of many of the NZD charts and this move — from an unexpected source — helps to underscore the bullish trend in this chart.
Separately, NZD/JPY is also flirting with the 200-dma for the first time since April.