NZD/USD milking it as surging dairy prices, US dollar weakness deliver bullish breakout – Forex Factory

The NZD/USD pair is enjoying a bullish breakout thanks to rising dairy prices and weakness in the US dollar. The New Zealand dollar is benefiting from the surge in dairy prices, a key export for the country. At the same time, the US dollar is facing pressure, pushing the NZD/USD pair higher. Traders are closely watching these developments as they continue to drive the pair’s movement.