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    NZD/USD: the pair lacks in drivers for active movements on 20.02.2015

    NZD/USD quotes corrected sharply on Thursday after Wednesday's growth.  The price dropped again to a level of 0.7520 (50% Fibonacci retracement) which it's currently located at. It should be noted that the NZ currency is being supported by dairy prices that have been growing for 10 weeks in a row.  According to Global Dairy Trade, the prices have grown by 10.1% over 2 past weeks. Besides, the American dollar is affected by FOMC members' sentiments that mostly support the decision to keep interest rates at minimal levels.  

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