The NZD/USD currency pair has been trading up since July 10 after the pair made a U-turn from the lower boundary of a narrow ascending channel pattern at 0.6565.
As for the near future, it is likely that the New Zealand Dollar will maintain the channel pattern against the US Dollar. The potential target for bullish traders will be the 0.6759 area.
If the resistance level at 0.6759 holds, the currency exchange rate could make a brief retracement down today.
Meanwhile, technical indicators suggest that the pair will continue its upside movement within this session.
