The New Zealand Dollar appreciated about 51 base points against the US Dollar on Friday. The currency pair breached the 50-hour simple moving average during Friday’s trading session.
The exchange rate tested a resistance cluster formed by the combination of the weekly and the monthly pivot points and the 100-hour SMA near the 0.6837 during the European trading session on Monday.
It is important to note that the US macroeconomic data releases scheduled at 12:30 GMT could influence the overall positioning of the currency exchange rate during the following trading session.
