Kiwi Soars Above 0.57: Bulls Finally Get Their Caffeine Fix
Key Points
- NZD/USD is showing bullish momentum, hovering around 0.5700 ...
NZD traders are apparently drinking something stronger than their usual flat whites, as the Kiwi dollar struts around the 0.5700 neighborhood with all the confidence of a rugby player after scoring a match-winning try.
Technical Analysis or Crystal Ball Reading?
Recent chart patterns suggest the bulls have grabbed the steering wheel, pushing the NZD/USD into premium parking spots in the upper range of daily trading. Support has found a cozy spot in the mid-0.5700s as of April 10, indicating buyers might have finally remembered where the "buy" button is located after a month-long bearish hib...
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