Dukascopy Bank Team
Dukascopy Bank SA
NZDUSD
The New Zealand Dollar has been moving in a horizontal channel pattern against the US Dollar. The currency pair tested the lower boundary of the channel pattern at 0.6733 on Friday.
Technical indicators demonstrate that the currency exchange rate is likely to edge lower within this session. If this technical sentiment is correct, a breakout through the lower boundary of the horizontal channel pattern could be expected within this session.
Although, the NZD/USD exchange rate could reverse from the current price level and aim for a resistance cluster at 0.6795.
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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