FXstreet.com (Sydney) - The Kiwi continued its gains against the dollar and is trading 0.7261. The pair had opened at 0.7220 and rose to post an intraday high of 0.7282 before easing slightly. The NZD/USD finds support at 0.7241 and resistance at 0.7291 and is considered bullish.
The NZD benefited from a strong Aussie and improving retail sales data in Australia. As the AUD rose so did the Kiwi as both are seen as growth currencies. Retail sales in Australia grew in October by 0.3% to reach AUD 19.751 billion.