NZD/USD Buy Signals

The New Zealand Dollar declined by 74 pips or 1.22% against the US Dollar on Wednesday. The currency pair was pressured lower by the 50-, 100– and 200– hour SMAs during Wednesday’s trading session.

As for the near future, the NZD/USD exchange rate will most likely edge higher within this session. The possible target for bullish traders would be at the 0.6100 area.

Although, a resistance cluster, located near the 0.6060 marks, could provide resistance for the currency exchange rate during the following trading session.

Dukascopy Swiss FX Group
Dukascopy Swiss FX Grouphttp://www.dukascopy.com/
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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