Bullish currency pair the Kiwi runs out of steam at 0.6188; currently at 0.6174

After closing at 0.6168 yesterday, NZD/USD began today at 0.6167 with significant bullish sentiment driving NZD/USD's price action higher. So far today, price action has drawn out a distinct 0.6167 to 0.6188 range.

Other currencies are also rising as EUR/JPY ascends 0.22% to trade around 148.5. EUR/AUD climbs 0.28% to trade around 1.6542. GBP/JPY is up 0.16%.

Positive indicators for the New-Zealand Dollar are expected going forward as tomorrow at 12:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of -0.1%.

Elsewhere, New Zealand Balance of Trade is expected today at 22:45 UTC. New Zealand Balance of Trade is expected today at 22:45 UTC.

The Kiwi is now trading 5% below its 3-month high of 0.6633.