Upside risks dominated the New Zealand Dollar versus the US Dollar on Wednesday. The currency pair appreciated about 63 base points during yesterday’s trading session.
The exchange rate breached the 50.00% Fibonacci retracement level at 0.6585 during the European trading session on Thursday.
Most likely, the currency exchange rate will aim for the 61.80% Fibo level within this session.
However, technical indicators demonstrate that the NZD/USD pair might edge lower today.