NZD/USD Analysis: Awaits US data releases

NZD/USD

The New Zealand Dollar versus the US Dollar was trading within a narrow range during Thursday's session. The currency pair was moving between the 50-hour simple moving average at 0.6900 and the 200-hour SMA at 0.6860 during the previous session.

Everything being equal, it is likely that the exchange rate breaks the trading range today. Technical indicators suggest a southern breakout.

Meanwhile, the US fundamental events schedule at 13:30 GMT could change the entire movement of the currency exchange rate during the following trading session.

NZDUSD

NZDUSD

 

Interested in NZDUSD technicals? Check out the key levels

    1. R3 0.6951
    2. R2 0.6927
    3. R1 0.6903
  1. PP 0.688
    1. S1 0.6856
    2. S2 0.6832
    3. S3 0.6808

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.