NZD/USD Analysis: bullish momentum to continue

Dukascopy Bank Team Dukascopy Bank SA

NZD/USD

Bullish momentum has dominated the New Zealand Dollar against the US Dollar. The currency pair has edged higher by 100 pips or 1.56% in value since yesterday's trading session.

All things being equal, the NZD/USD exchange rate could continue to trade bullish during the following trading session. The potential target for the pair will be at the 0.6538 area.

However, the currency exchange rate is expected to make a brief pullback towards the weekly pivot point at 0.6433 today.

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Dukascopy Bank Team

Dukascopy Bank SA

Dukascopy Bank stands as an innovative Swiss online banking institution, with its headquarters situated in Geneva, Switzerland.

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