NZD/USD Strength Persists: Dips Remain Buying Opportunities

Over the past two weeks, I have drawn attention to major USD pairs, suggesting that a reversal could be imminent and that an upside correction might follow the downtrend from the last quarter of 2024.

NZD/USD is no exception. After finding strong support around the 0.5550 zone, the pair began to reverse to the upside. Following last week’s higher low, it broke resistance on Friday. After an initial correction and confirmation, bulls have regained control.

I expect NZD strength to continue, and as long as 0.5650 holds, there is a high probability of a move toward 0.58 or higher.

In conclusion, buying dips remains a favorable strategy, aiming for a risk-reward ratio of at least 1:2.

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