The New Zealand Dollar appreciated about 76 base points against the US Dollar on Friday. The currency pair breached both the 50-, 100-, and 200-hour SMAs during Friday’s trading session.
As for the near future, it is likely that the currency exchange rate will continue gaining strength and potentially target a strong resistance level formed by the weekly and the monthly pivot points at 0.6798.
On the other hand, the NZD/USD exchange rate could reverse from current price level at 0.6762 and aim for a test of the three SMAs during the following trading session.
