The New Zealand Dollar traded with low volatility against the US Dollar on Thursday. The currency pair was moving along the weekly S2 at 0.6758 during Thursday’s trading session.
As for the near future, it is likely that the exchange rate edges higher toward a resistance cluster formed by the combination of the weekly and the monthly pivot points near the 0.6826 area.
However, the 50-hour simple moving average at 0.6781 could hinder bulls from pushing the NZD/USD currency exchange rate higher during the following trading session.
