The New Zealand Dollar depreciated about 45 base points against the US Dollar on Thursday.
Friday’s session begins with a bearish sentiment, and by the middle of the day, the currency pair has dropped about 30 base points of its values.
Given that the three SMAs is above the current price level, it is likely that the decline could continue during the following trading session.
Furthermore, technical indicators flash bearish signals on the 4(H) time frame today.
