The New Zealand Dollar declined by 26 pips or 0.39% against the US Dollar on Tuesday. The currency pair tested the monthly support level at 0.6639 during yesterday’s trading session.
Technical indicators suggest that the exchange rate could continue to edge higher during the following trading session. The potential target for the NZD/USD pair would be at the 0.6680 level.
However, a resistance level at 0.6670 could provide resistance for the currency exchange rate in the short-term.
