Dukascopy Bank Team
Dukascopy Bank SA
NZDUSD
The New Zealand Dollar depreciated about 40 base points against the US Dollar on Tuesday. The decline was stopped by the 100-hour simple moving average at 0.6698.
Everything being equal, if the support level formed by the 100-hour SMA holds, a surge towards the 0.6759 mark could be expected during the following trading session.
If the NZD/USD currency exchange rate passes the support level as mentioned above, a decline towards the 200-hour SMA could be the next target for bearish traders.
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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