The New Zealand dollar currency pair is very attractive.
The lack of significant noise helps better focus on the trend direction. Small trading volumes provide a clearer understanding of market sentiment. Furthermore, comparing divergences between other major pairs makes it easier to predict and trade the pair NZD/USD.
What should we expect by the end of February?
The daily chart shows that the upward movement has made 300 pips since the beginning of the year. Buying also continued in February, but the price is refusing to move higher.
I would prefer to reconsider a correction or a test of the new year's opening level of 0.57555 in the next two weeks.