The New Zealand Dollar has depreciated significantly against the US Dollar since the beginning of this week. The currency pair has lost about 1.47% of its values.
The exchange rate dashed through a support cluster formed by the 200-hour simple moving average and the weekly PP at 0.6637 during the first part of Friday’s trading session.
Everything being equal, it is likely that the NZD/USD currency exchange rate will continue its downside momentum until the pair hit a two-week low level at 0.6583 during the following trading session.
