NZD/USD extends losses, trading around 0.6180 during the European hours on Wednesday.
NZD/USD could test the lower boundary of the ascending channel around 0.6160 level. The nine-day EMA is above the 50-day EMA, indicating that short-term upward momentum is likely to continue. A break above the nine-day EMA at 0.6201 level prompts the pair to revisit a seven-month high of 0.6247. On the daily chart, the pair is positioned within the ascending channel, supporting a bullish bias.
6320, In terms of support, the NZD/USD pair may test the lower boundary of the ascending channel around the 0.6160 level. A break below this level could weaken the bullish bias and lead the pair to approach the area around the 50-day EMA at 0.6099. 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 weakest against the Swiss Franc.
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