NZD/USD continues its winning streak for the fifth successive session, trading around 0.6160 during the early European hours on Thursday.
NZD/USD treks within the upper boundary of the ascending channel pattern. The 14-day RSI rises to near 70 level, indicating a potential for correction. The nine-day EMA at 0.6092 appears as the immediate support for the pair. The daily chart analysis shows that the pair treks upwards within the upward boundary of the ascending channel, reinforcing the bullish bias.
6045 level, followed by the lower boundary of the ascending channel at 0.6030 level. A breach below the latter could cause the emergence of a bearish sentiment, which may put pressure on the NZD/USD pair to navigate the region around “throwback support” at the 0.5850 level. NZD/USD: Daily Chart New Zealand Dollar PRICE Today The table below shows the percentage change of New Zealand Dollar against listed major currencies today. New Zealand Dollar was the strongest against the Euro.
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