HomeContributorsTechnical AnalysisNZD/USD Decline After Data Releases

NZD/USD Decline After Data Releases

The New Zealand Dollar traded with low volatility against the US Dollar on Tuesday. However, the New Zealand macroeconomic data releases changed the overall position of the currency exchange rate during the Asian trading session on Wednesday.

The NZD/USD currency pair lost about 1.75% of its values during the first half of today’s trading session.

Everything being equal, it is likely that bears could regain some of its lost positions within this session. The potential upside target will be near the 200-hour simple moving average at 0.6873.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Featured Analysis

Learn Forex Trading