NZD/USD Analysis: Awaits US data releases


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.




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

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