The NZDUSD and AUDUSD are both posting strong gains today, with the NZD leading the way. The NZDUSD is up 1.45%, while the AUDUSD has advanced 1.05%. For the NZDUSD, today's rally has pushed the pair above both the 50% and 61.8% retracement levels, while also breaking above last week's high at 0.5871. The AUDUSD has also strengthened, moving above the 38.2% retracement of the decline from the May high to the late-June low at 0.7022. A break and sustained move above it would shift the focus to the 50% retracement of the May-June decline at 0.7071.