NZD/USD

The New Zealand Dollar has revealed a new junior descending channel against the US Dollar. The currency pair depreciated by 38 basis points during Friday's trading session.

The narrow descending channel pattern will most likely guide the exchange rate lower today. The potential target for bearish traders would be near a support level at 0.6347.

Furthermore, technical indicators demonstrate bearish signals on both the smaller and the larger time frame charts.

NZD/USD

 

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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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