The New Zealand Dollar depreciated about 40 base points against the US Dollar on Thursday. A breakout occurred through the lower boundary of an ascending channel pattern at 0.6694.
The decline of the currency pair continues during Friday’s session, as a result, the pair breached both the 50-, 100– and 200-hour SMAs.
Today’s macroeconomic data releases scheduled at 12:30 GMT could change the overall positioning of the currency exchange rate today.
Most likely, the NZD/USD pair could make an upside movement at the time of the macro data releases.
