NZD/USD

Bullish sentiment dominated the New Zealand Dollar versus the US Dollar on Thursday. As a result, a breakout occurred through the upper boundary of a descending trendline during the morning hours of today's trading session.

Given that a breakout had occurred, it is likely that the currency pair continues its bullish movement within this session. The potential upside swing could be at the 0.6579 area.

However, a resistance level formed by the 200-hour simple moving average at 0.6534 could hinder such movement today.

NZDUSD

NZDUSD

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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