Sun, Feb 28, 2021 @ 16:20 GMT
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NZD/USD Breakout Could Occur

Upside risks pressured the New Zealand Dollar higher against the US Dollar on Friday. The NZD/USD currency pair surged by 108 pips or 1.50% during Friday’s trading session.

Everything being equal, the exchange rate could continue to trend up during the following trading session. A breakout through the upper boundary of an ascending channel pattern could occur.

However, the currency exchange rate might make a brief pullback towards the weekly pivot point at 0.7254 within this session.

Dukascopy Swiss FX Group
This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

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