Kiwi currency gained on speculation stimulus from China

The New Zealand dollar gained against colleagues from the US on Wednesday, as influenced by speculation the stimulus measures in China which has increased risk appetite, but gains limited because the market was also looking statements about interest rates from the Reserve Bank of New Zealand tomorrow ,

NZD / USD touched the 0.6402 level at the end of the Asian trading session, it is the highest level since September 4, the pair is currently consolidating at 0.6364, up about 0.4%.

Currency pair NZD / USD likely to find support levels at 0.6251, Tuesday's lows and the resistance level at 0.6481, the highest level 31 August.

Market sentiment strengthened after a slowdown in China's exports and imports indicate that the recovery in the Chinese economy is still fragile and may need further stimulus from the government.

On Thursday, the RBNZ is expected to lower the benchmark interest rate by 0.25%, from 3.00% to 2.75%. The central bank will hold a press conference after the announcement of the interest rate.