The New Zealand Dollar surged by 48 pips or 0.66% against the US Dollar on Friday. The currency pair breached the 50– and 200– hour SMAs during Friday’s trading session.
All things being equal, the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the 0.7280 level.
However, the weekly R1 at 0.7253 could provide resistance for the currency exchange rate within this session.
Written by Admin
Install your trader software at VPS server of one of the super fast providers:
Do you want to have such profits and charts? Choose our Megastorm EA for trading in the Forex market...
While the number of Americans struggling to put food on the table and pay bills ...
10'000 HoursThere are probably a ton of people who got unemployment who rushed to file ...
Federal Reserve Chairman Jerome PowellKevin Lamarque | ReutersDespite what he sees as a rapidly recovering ...