The New Zealand Dollar surged by 128 pips or 2.10% against the US Dollar on Tuesday. The currency pair breached the weekly resistance line at 0.6191 during yesterday’s trading session.
By and large, the NZD/USD exchange rate would continue to trend bullish within this session. Buyers could aim for the upper boundary of an ascending channel pattern at 0.6253 today.
On the other hand, the currency exchange rate could reverse from the current price level at 0.6210 and target the 50– hour simple moving average at 0.6145 during the following session.
