NZD/USD can not seem to bust through last week’s highs!

Is it because a previous support zone isn’t holding as resistance?

As mentioned in last week’s FX Weekly Recap, the Recent Zealand dollar benefited from an anti-USD and customarily risk-friendly trading environment. The U.S. dollar, however, had a tough time recovering from worse-than-expected sentiment reports from the services sector.

NZD/USD prolonged its first-week-of-April upswing, continuing from the .6000 psychological handle all of the option to the .6050 area that marked last week’s highs.