The New Zealand Dollar declined by 41 pips or 0.58% against the US Dollar on Friday. The currency pair was pressured lower by the 200– hour simple moving average during Friday’s trading session.
Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the NZD/USD exchange rate could continue to edge lower during the following trading session.
However, the currency exchange rate might make a brief retracement towards a resistance cluster at 0.7189 today.
