NZD/USD

The New Zealand Dollar traded sideways against the US Dollar. The currency pair was trading near a resistance cluster formed by the combination of the weekly and the monthly PPs at 0.6475 during yesterday's trading session.

Everything being equal, it is likely that the NZD/USD exchange rate will continue to trade flat within this session.

Although, a breakout to either direction could occur within this session. Technical indicators demonstrate that bears are likely to prevail in the market during the following trading hours.

NZDUSD

 

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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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