Upside sentiment dominated the New Zealand Dollar against the US Dollar on Friday. The NZD/USD currency pair edged higher by 105 basis points or 1.58% during Friday’s trading session.
As for the near future, the exchange rate could continue to trend bullish. A breakout through the upper boundary of an ascending channel pattern could occur within this session.
However, the currency exchange rate is likely to make a brief pullback towards the 0.6690 area during the following trading session.
