The New Zealand Dollar made about 35 points or 0.53% move against the US Dollar on Wednesday. The currency pair breached the weekly pivot point at 0.6654 during yesterday’s session.
Most likely, the exchange rate will continue to trend bullish during the following trading session. The potential target will be at the weekly resistance level at the 0.6688 area.
However, the weekly PP at 0.6654 could still provide resistance for the currency exchange rate within this session.