NZD/USD analysis: Bounces off support
The New Zealand Dollar declined by 38 pips or 0.52% against the US Dollar on Wednesday. The currency pair tested the lower line of an ascending channel pattern during yesterday's trading session.
Given that the exchange rate has bounced off the lower line of an ascending channel pattern, bullish traders could drive the NZD/USD pair higher during the following trading session.
Given that the exchange rate has bounced off the lower line of an ascending channel pattern, bullish traders could drive the NZD/USD pair higher during the following trading session.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.