NZD/USD
The New Zealand Dollar appreciated by 33 basis points against the US Dollar during Monday's trading session. The currency pair has revealed a new junior descending channel pattern.
The junior descending channel will most likely guide the NZD/USD exchange rate lower today. Bearish traders could aim at a psychological support level at the 0.6260 area.
However, technical indicators suggest that the currency exchange rate might trade sideways within the next 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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