The month-long uptrend of the New Zealand Dollar (NZD) has since last week rose against the USD and there is no visible reversal sign.
NZD/USD has kept a choppy, but steady higher-top-higher-bottom pattern since mid-October. While the earlier part of the recovery could be classified as “two-steps-forward-one-step-back”, gains have been more pronounced and seemingly achieved with greater conviction since last week.
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