The New Zealand Dollar rose by 73 points or 1.11% against the US Dollar on Thursday. The currency pair tested the upper line of an ascending channel pattern at 0.6680 during the London open on Friday.
By and large, the NZD/USD exchange rate is likely to continue to edge higher during the following trading session. Bulls could target the weekly resistance level at 0.5720.
However, if the channel pattern holds, a decline towards the support level at 0.6628 could be expected within this session.
