The New Zealand Dollar appreciated about 44 base points against the US Dollar on Monday. The currency pair breached Friday’s swing high of 0.6843 during yesterday’s trading session.
As for the near future, it is likely that the currency pair will re-tests a support cluster formed by the combination of the weekly and the monthly pivot points at 0.6795.
If the support level holds, bullish traders will try to retake control of the market within this session.
