The New Zealand Dollar appreciated by 39 basis points against the US Dollar on Thursday. The currency pair was guided up by the simple moving averages during yesterday’s trading session.
Everything being equal, the NZD/USD pair could reverse from the current price level at 0.6593 and continue trading bullish within this session. The potential target will be at 0.6624.
On the other hand, the currency exchange rate might fall lower during the following trading session.
