The New Zealand Dollar versus the US Dollar ended yesterday’s trading session with a 44-pips gain. However, the currency pair began Thursday’s trading session with a decline.
By the middle of Thursday’s session, the exchange rate was testing a support cluster formed by the weekly pivot point and the 200-hour simple moving average at 0.6674.
Most likely, the NZD/USD exchange rate might continue its downward movement today. In addition, the currency exchange rate could surpass the support cluster as mentioned earlier.
