NZD/USD Maintains Strength as US Dollar Weakens – What to Expect Next?
The NZD/USD pair is holding above the crucial support level of 0.5900 during Friday’s European session. This stability comes as the US Dollar Index (DXY) dips below 106.00, reaching a fresh two-week low around 105.60. The Kiwi’s relative strength suggests investor confidence in the currency despite ongoing market fluctuations. Traders should keep an eye on upcoming U.S. economic data, as this could influence the next movements in the NZD/USD pair. Analyzing market trends will be key for those trading this currency pair.
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