The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. The 50-hour simple moving average provided support for the currency pair at 0.6886 during yesterday’s session.
Everything being equal, it is likely that the exchange rate edges lower towards a support cluster formed by the 100– and 200—hour simple moving averages at 0.6854 within this session.
However, technical indicators demonstrate otherwise. Technical sentiment continues to flash buy signals on both the smaller and the larger time frames chart.
