The New Zealand Dollar has surged by 57 pips or 0.82% against the US Dollar since Tuesday’s trading session. The currency pair breached yesterday’s high at 0.7060 during the London session on Wednesday.
Most likely, the exchange rate could continue to edge higher during the following trading session. The potential target for bullish traders would be near the 0.7120 level.
However, the weekly resistance line at 0.7091 could provide resistance for the currency exchange rate in the shorter term.
