Bullish currency pair the Kiwi runs out of steam at 0.6263; currently at 0.6263

A quick look at yesterday: NZD/USD soars 1.11% to close at 0.6263 yesterday.

Meanwhile, USD/JPY is down to 131.8, losing 178 pips, after ending the previous session around 133.59. USD/SGD dips 0.44% yesterday and closed at 1.3456. After ending yesterday's session at 1.7137, EUR/NZD lost 127 pips and is trading around 1.7009.

The currency pair has been trending lower for about a month. After setting a supportive marker at 0.5566 around 5 months ago, the New-Zealand Dollar is now trading 11.29% above this level.