The NZD/USD currency pair is trading firmly above the 0.5800 level, reaching a high not seen in over two months during the Asian trading session. This upward momentum can be attributed to a weaker USD, influenced by dovish comments from the Federal Reserve, which have shifted market sentiment in favor of riskier assets like the New Zealand dollar.
As traders maintain a bullish outlook, the technical landscape suggests that the path of least resistance for the NZD/USD exchange rate remains pointed upward. Continued USD weakness may further enhance the appeal of the NZD, providing potential support for buyers while encouraging speculation on higher price levels in the near term.
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Data Source: FX Killer Analysis Team Updated: 2025-12-11 01:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.