NZD/USD: Pair Pulls Back from Seven-Month Highs
NZD/USD is retracing its recent gains, trading around 0.5990 as it pulls back from seven-month highs. The daily chart suggests a revival of neutral market sentiment, hinting at further price movements within a rectangular pattern. Analysts suggest that traders should monitor this pair closely as developments may present opportunities. As sentiment shifts, keeping an eye on potential reversals becomes vital for anyone involved in forex trading.