The NZD/USD exchange rate continued to trade with low volatility on Friday. The pair made about 28 base points movement during Friday’s trading session.
As for the near future, most likely, the US Dollar will become stronger during the following trading session. The currency pair could aim for the lower boundary of an ascending channel pattern at 0.6678 today.
However, technical indicators demonstrate that the currency exchange rate could continue its upside movement within this session.
Meanwhile, the US ISM Manufacturing PMI macroeconomic data releases could provide more liquidity in the market today.
