The New Zealand dollar gained support after the RBNZ kept its monetary policy unchanged.
The Kiwi has found an effective floor above the psychological level of 0.7000 after a week-long sideways action.
A breakout above the consolidation range (0.7070) has triggered a runaway rally as the short side scrambles to cover.
On the daily chart, the surge above the 30-day moving average suggests that the recovery could extend further if 0.7180 is lifted. 0.7045 is the immediate support in case of a pullback.
