The Zealand Dollar depreciated about 40 base points against the US Dollar on Tuesday.
Wednesday’s trading session began with bullish sentiment, and by the middle of the day, the exchange rate has gained about 0.51% of its values.
The currency pair is currently testing a support level set by the 50-hour simple moving average at 0.6839.
If the support level holds, the upside momentum could continue within this session. However, if the pair passes the 50-hour SMA, the next target will be at 0.6819.
