NZD/USD
The New Zealand Dollar has declined by 50 basis points or 0.82% against the US Dollar on since Thursday's trading session. The 50– hour SMA pressured the currency pair lower.
Everything being equal, the NZD/USD exchange rate could decline within this session. The possible target for bearish traders would be near a support cluster at 0.6048.
However, the weekly R1 and the 100– hour simple moving average at 0.6082 could provide support for the currency exchange rate during the following trading 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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