During the first part of Wednesday’s trading session, the New Zealand Dollar surged by 89 basis points against the US Dollar. However, the currency pair gave up some of the profits by the end of yesterday’s trading session.
As for the near future, the NZD/USD currency exchange rate could aim for at upper boundary of a descending channel pattern at 0.6520 during the following trading session.
Although, the weekly resistance level at 0.6469 could provide resistance for the currency exchange rate before the end of Thursday’s trading session.
