The New Zealand Dollar has declined by 59 points or 0.81% against the US Dollar since December 31. The currency pair breached the 50– hour simple moving average last week.
By and large, the NZD/USD exchange rate could continue to edge higher in an ascending channel pattern during the following trading session. The potential target for bullish traders would be at 0.7280.
However, the weekly resistance level at 0.7254 could provide a barrier for bullish traders within this session.
