NZD/USD Analysis: Decline likely to continue
|NZD/USD
The New Zealand Dollar has continued to trade south against the US Dollar. The currency pair has depreciated by 0.50% in value since Friday's trading session.
Given that the 50-, 100– and 200– hour simple moving averages are above the price level, it is likely, that the exchange rate will continue to fall during the following trading session.
Furthermore, technical indicators demonstrate that the NZD/USD currency exchange rate might aim at a support cluster formed by the weekly S2 and the monthly S1 at 0.6389 within this session.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.