Forex: NZD/USD hits 2-month high (Córdoba) - The Kiwi dollar extended gains versus its US counterpart in a bout of risk appetite and posted a fresh 2-month high above 0.8500 ahead of the New York opening.

NZD/USD has gained over 50 pips throughout the day and recently reached its highest level since Feb 15 at 0.8512. At time of writing, the cross is trading around 0.8505/10, recording a 0.6% advance since opening.

On the upside, 2013 high set back in February at 0.8532 could offer resistance, followed by 0.8570 (Aug 31 2011 high). On the other hand, supports are seen at 0.8465 (intraday level) and 0.8450 (Apr 3 high).