The New Zealand Dollar traded sideways against the US Dollar on Friday. The NZD/USD currency pair was ranging between 0.6540/0.6520 during Friday’s trading session.
The exchange rate could continue to range between the levels, as mentioned above within this session.
Given that the 50-, 100– and 200– hour simple moving averages are above the price, a decline towards the lower line of a descending channel pattern could occur within this session.
