NZD/USD Analysis: Awaits unemployment rate

Dukascopy Bank Team Dukascopy Bank SA

NZD/USD

The New Zealand Dollar depreciated about 40 base points against the US Dollar on Thursday. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6694.

The decline of the currency pair continues during Friday's session, as a result, the pair breached both the 50-, 100– and 200-hour SMAs.

Today's macroeconomic data releases scheduled at 12:30 GMT could change the overall positioning of the currency exchange rate today.

Most likely, the NZD/USD pair could make an upside movement at the time of the macro data releases.

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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