NZD/USD was one of the most bullish pairs in 2020, moving above 0.73 by the beginning of January. It retreated lower in the second week, but the retreat was small and the price has been bouncing in a range since then, not far away from the top, while other pairs have been retreating since then.

Last night we saw a bullish move after the revised inflation expectations from the Reserve Bank of New Zealand. So, NZD/USD still remains bullish, more so than other major pairs.

New Zealand Monetary Conditions Survey from RBNZ