The New Zealand Dollar has declined by 141 pips or 1.52% against the Canadian Dollar since January 6. The currency pair breached the 50-, 100– and 200– period SMAs during this period.
All things being equal, the exchange rate is likely to continue to edge lower during the following trading sessions. A breakout through the lower line of a narrow descending channel pattern could occur.
However, the 200– period simple moving average at the 0.9100 area could provide support for the currency exchange rate in the shorter term.
Written by Admin
Ohio Gov. Mike DeWine said Thursday that the state would end its participation in federal ...
The New York Stock Exchange welcomes The Walt Disney Company (NYSE: DIS), on Tuesday, May ...
Yuriko Nakao | Getty Images News | Getty ImagesDogecoin soared early Friday after a tweet ...