During the first half of Thursday’s trading session, the New Zealand Dollar declined by 40 pips or 0.54% against the US Dollar. However, the currency pair rebounded at the end of the day.
Technical indicators suggest buying signals on the 4H time-frame chart. Most likely, bullish traders could pressure the exchange rate higher during the following trading session.
Though the upper line of a descending channel pattern could provide resistance for the NZD/USD currency exchange rate today.
