NZD/USD Hits New Year-to-Date High, Bulls Continue Strong Momentum
The NZD/USD pair has showcased a remarkable recovery, building on last week’s momentum from the 0.5485 region, the lowest since March 2020. The pair gained a strong follow-through traction on Monday, as it surged towards a fresh year-to-date high near the 0.5900 mark. Continued buying interest persists, bolstered by a broadly weaker US Dollar (USD). As momentum strengthens, traders should evaluate further potential price movements. This trajectory showcases the resilience of the Kiwi dollar, making it a notable focus for traders and investors alike as they anticipate additional gains.