The New Zealand Dollar has continued to trade south against the US Dollar. The currency pair has depreciated by 0.50% in value since Friday’s trading session.
Given that the 50-, 100– and 200– hour simple moving averages are above the price level, it is likely, that the exchange rate will continue to fall during the following trading session.
Furthermore, technical indicators demonstrate that the NZD/USD currency exchange rate might aim at a support cluster formed by the weekly S2 and the monthly S1 at 0.6389 within this session.
