The New Zealand Dollar made about 39 basis points against the US Dollar on Thursday. The currency pair breached a support cluster formed by the weekly and the monthly PPs at 0.6636 during yesterday’s trading session.
As for the near future, the exchange rate will continue to gain strength. The NZD/USD pair might target the weekly resistance level at 0.6672 within the following trading session.
Although, technical indicators demonstrate that the currency exchange rate will most likely continue to edge lower today.
