The New Zealand Dollar traded between a range of 0.6884 and 0.6840 during Friday’s session.
The exchange rate dashed through the given trading range during the first half of today’s session. Currently, the pair is trading near the traditional weekly R1 at 0.6932.
If the resistance level holds, the currency exchange rate could aim for a support level formed by the 50-hour simple moving average at 0.6874.
On the other hand, if the rate passes the weekly R1, the Kiwi might target the upper boundary of an ascending trendline at 0.6950.
