The New Zealand Dollar was pressured by the 50-hour simple moving average during yesterday’s trading session.
Everything being equal, it is likely that the Kiwi will continue its decline against the Greenback during the following trading session. The currency pair could aim for a support level at 0.6586 today.
However, the currency exchange rate could reverse from the current price level at 0.6615 and aim for the upper boundary of a descending channel pattern at 0.6646 within this session.
