The New Zealand Dollar traded with low volatility against the US Dollar on Friday. The currency pair made about 19 basis points movement during Friday’s trading session.
The weekly pivot point at 0.6431 is currently providing support for the exchange rate.
If the support level holds, a surge towards the psychological level at 0.6460 could be expected.
However. If the currency exchange rate breaks the weekly PP, the next target for bearish traders would be at the 0.6413 area.
