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.