NZD/USD Reaches Target

The New Zealand Dollar versus the US Dollar reached the given target at 0.6643, as predicted on Thursday. The currency pair was trading near a support cluster formed by the weekly and the monthly support levels during the following hours of today’s trading session.

By and large, it is likely that the support cluster as mentioned earlier hold within this session.

However, if the currency exchange rate breaks the support cluster, the pair could end this week’s trading session on bears market.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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