NZD/USD

The New Zealand Dollar surged by 69 pips or 1.13% against the US Dollar on Wednesday. The currency pair bounced off the weekly R1 at 0.6082 during Wednesday's trading session.

A breakout occurred through the lower boundary of a narrow ascending channel pattern at 0.6130 on Thursday morning.

Given that a breakout had occurred, the NZD/USD exchange rate could edge lower within this session. However, the support line at 0.6082 could provide support for the currency exchange rate 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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