The New Zealand Dollar continues to be gaining strength against the US Dollar. The currency pair ended Friday with a high at 0.7306. The rate has been moving in a systematic way since the beginning of March.
The NZD/USD pair has continued its bullish path and the exchange rate is moving in an ascending order inside the main channel.
In regards to the next trading session, the pair is likely to retrace south and find support at a cluster set by the 55– and 100—hour SMAs. If and when this scenario occurs, the pair could make a U-turn north.
The NZD/USD pair has continued its bullish path and the exchange rate is moving in an ascending order inside the main channel.
In regards to the next trading session, the pair is likely to retrace south and find support at a cluster set by the 55– and 100—hour SMAs. If and when this scenario occurs, the pair could make a U-turn north.