2017.05.2905:28:00UTC+00New Zeland Dollar Strengthens Against Majors

The New Zealand dollar rose versus most major currencies on Monday.

Against the euro and the Australian dollar, the kiwi strengthened to 1.5789 and 1.0517 from Friday's closing quotes of 1.5820 and 1.0538, respectively.

The NZ dollar climbed to 78.69 against the yen from an early low of 78.36, while it rose against the U.S. dollar to 0.7069 to an early low of 0.7037.

If the kiwi extends its uptrend, it is likely to find resistance around 1.54 against the euro, 1.03 against the aussie, 81.00 against the yen and 0.72 against the greenback.