During the last 24 hours, the New Zealand Dollar has depreciated about 0.93% in value against the US Dollar. The currency pair was pressured down by the 50– and 100-hour simple moving averages.
Today’s session began with a bearish sentiment. By the middle of the European trading session, a breakout had occurred through the lower boundary of a dominant ascending channel at 0.6748.
Meanwhile, Friday’s US Non-Farm Payroll data release scheduled at 12:30 GMT might add more pressure to the currency exchange rate.
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