NZD/USD follows the AUD/USD higher, supported by the continued weakness in the US Dollar.
The 4-hour chart for NZD/USD shows that the pair has broken above the descending channel and is trending higher.
The immediate resistance is at the 0.6120 level, where the pair may face some consolidation. A confirmed break above 0.6120 could initiate a strong upward trend in the NZD/USD pair.
