NZD/USD analysis: Could edge higher
|NZD/USD
The New Zealand Dollar has surged by 54 basis points or 0.82% against the US Dollar on since Wednesday's trading session. The 100– hour SMA pressured the currency pair higher on Wednesday.
Everything being equal, the NZD/USD exchange rate could continue to edge higher within this session. The possible target for bullish traders would be at the 0.6620 level.
The currency exchange rate could make a retracement from the psychological level at 0.6600 in this session.
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