Bearish sentiment has been dominating the New Zealand Dollar against the US Dollar since December 24.
The exchange rate is presently stranded between SMAs. The 50-hour simple moving average at 0.6730 is providing support for the pair, while the 100-hour SMA at 0.6751 is providing resistance.
Technical indicators demonstrate that the currency exchange rate will likely continue its downside momentum within this session. Bearish traders could aim for a psychological support level at 0.6700 during the following trading session.
