NZD/USD

The New Zealand Dollar made a U-turn from a support level formed by the weekly S3 at 0.6360 during yesterday's trading session. As a result, the currency pair edged higher by about 0.50% in value.

Currently, the exchange rate is testing a resistance level formed by the 50– hour simple moving average at 0.6392.

The 50-hour SMA will likely hold its ground during the following trading session. 

However, if the NZD/USD currency exchange rate passes the 50-hour SMA, most likely, the 100-hour moving average will provide resistance for the pair.

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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