Dukascopy Bank Team
Dukascopy Bank SA
NZD/USD
The New Zealand Dollar surged by 34 points or 0.52% against the US Dollar on Friday. The 100– hour simple moving average guided the currency pair during Friday's trading session.
Today's session began with a bearish momentum, and by mid-day, a breakout occurred through the lower boundary of an ascending channel pattern.
Given that a breakout had occurred, a decline towards the 200– hour SMA at 0.6536 could be expected today.
However, technical indicators suggest that the currency exchange rate could continue to trade bullish within this session.
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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