NZD/USD analysis: Likely to edge higher
|NZD/USD
The New Zealand Dollar declined by 55 points or 0.83% against the US Dollar on Tuesday. The currency pair tested the support level at 0.6630 during yesterday's trading session.
The exchange rate began Wednesday's trading session with bullish momentum. Most likely, bulls could pressure the NZD/USD pair towards the weekly R1 at 0.6707.
Although, the currency exchange rate could make a downside reversal from the 0.6692 within this session.
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