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.
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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