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NZD/USD chart - Trading View
NZD/USD was trading 0.66% higher on the day at 0.7167 at around 10:00 GMT.
The pair is showing a bullish engulfing pattern on the daily candle till now raising scope for further upside.
Pullback in the pair has held above 0.71 handle and the pair finds strong support at daily cloud and channel base.
The pair is seen extending gains in a rising channel pattern and bounce off channel base raises scope for upside.
A corrective downside in US yields force the dollar to shed ground, supporting the pair higher.
Downside seems to have paused at 0.71 handle, retrace above 55-EMA resistance will see further upside.
