The New Zealand Dollar appreciated by about 73 base points against the US Dollar on Wednesday.
Today’s trading session begins with a bearish momentum, and by the middle of the day, a breakout through the lower boundary of an ascending trendline at 0.6802 had occurred.
Given that a breakout had occurred, the decline of the currency exchange rate is likely to continue within this session and potentially target a support level formed by the weekly S1 at 0.6765 today.
