The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. However, the New Zealand macroeconomic data releases changed the overall position of the currency exchange rate during the Asian trading session on Wednesday.
The NZD/USD currency pair lost about 1.75% of its values during the first half of today’s trading session.
Everything being equal, it is likely that bears could regain some of its lost positions within this session. The potential upside target will be near the 200-hour simple moving average at 0.6873.
