Bearish momentum pressured the New Zealand Dollar versus the US Dollar on Wednesday. As a result, the Kiwi lost about 73 base points of its values during the previous trading session.
Today’s session began with a decline, and by the middle of the Thursday’s trading session, the currency pair was trading near the 0.6720 mark.
The potential target for the currency exchange rate during the next 24hrs will be at a swing low of 0.6672.
However, the pair could reversal from current price level and aim for a resistance of the weekly and the monthly PPs at 0.6796.
