NZD/USD

The New Zealand Dollar appreciated by 35 basis points against the US Dollar on Friday.

However, Monday's trading session began with a bearish sentiment. As a result, the NZD/USD currency pair breached the lower boundary of an ascending channel pattern at 0.6302.

Given that a breakout had occurred, bearish traders could continue to prevail in the market during the following trading session.

Although, a support level formed by the weekly S1 at 0.6288 could hinder bears from pushing the price lower today.

NZDUSD

 

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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.

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