NZD/USD Analysis: Bullish sentiment today

Dukascopy Bank Team Dukascopy Bank SA

NZD/USD

The New Zealand Dollar depreciated about 53 base points against the US Dollar on Thursday. The exchange rate almost tested the 200-hour simple moving average at 0.6524 during yesterday's session.

However, today's session begins with a bullish momentum, and by the middle of the European trading session on Friday, the currency pair has gained about 0.92% of its lost values.

If this rally continues, the NZD/USD currency exchange rate could target the monthly pivot point at 0.6598 during the following trading session. Meanwhile, the three SMAs have fallen below the price level.

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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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