The New Zealand Dollar versus the US Dollar traded above the weekly R1 at 0.6852 during Thursday’s session.
Currently, the 50-hour simple moving average is guiding the NZD/USD currency exchange rate toward the upper boundary of a medium-term ascending channel at 0.6900.
By and large, it is expected that the Kiwi continues to gain strength against the Greenback today.
The potential target for the exchange rate will be near a psychological resistance level at the 0.6900 mark.
