The New Zealand Dollar versus the US Dollar breached a significant support level at 0.6693 during the morning hours of Thursday’s trading session.
Most likely, the exchange rate will continue its southern movement within this session. The closest support level is located near the weekly and the monthly S2 at 0.6643.
However, technical indicators flash strong buy signals on the daily time frame chart. Therefore, the currency pair could reverse from the current price level at 0.6687 and aim for the 0.6720 area today.
