The New Zealand Dollar has appreciated by about 48 basis points against the US Dollar since yesterday’s trading session. The currency pair breached the monthly R1 at 0.6406 on Thursday.
Everything being equal, the Kiwi will likely to extend its gains against the Greenback within this session. Bullish traders could aim at the upper boundary of an ascending channel pattern at 0.6465.
Furthermore, technical indicators flash bullish signals on the 4(H) and daily-frame charts.
