The New Zealand Dollar has continued to edge up against the US Dollar. The currency pair appreciated by 53 basis points or 0.84% in value during yesterday’s trading session.
As for the near future, the exchange rate will most likely continue to edge higher. The potential target for the NZD/USD pair will be near the 200– hour simple moving average at 0.6386.
However, the currency exchange rate could make a downside reversal from the 100– hour SMA at 0.6345 and continue trading southward during the following trading session.
