The New Zealand Dollar fell by 91 base points against the US Dollar Friday. The decline began after the US Non-Farm Payroll data releases on Friday.
The currency pair bounced off from the lower boundary of a descending channel pattern at 0.6600 at the end of Friday’s trading session.
Most likely, the currency exchange rate could aim for a resistance level at 0.6704 during the following trading session.
However, a resistance cluster formed by the 50-, 100– and 200-hour SMAs at 0.6674 within this session.
