NZD/USD has, for the most part, remained in the hands of the bulls following this week’s surprise hawkish outcome of the Reserve Bank of New Zealand.

At the time of writing, NZD/USD is trading at 0.7297, up 0.27% on the day as we head into the closing bell on Wall Street after traveling between a low of 0.7265 and a high of 0.7311.

However, the long weekend will mean that markets will be closed on Monday in the US so there will be a particular focus on tomorrow’s key US data which could lead to a last-minute bout of volatility in the greenback.

Thereafter, there will not be much more to do than reflect, as analysts at ANZ Bank said.

”Even if other central banks around the world play catch-up on the RBNZ (delivering some convergence across FX markets), and venture to opine that hikes may be coming (or actually start tapering/tightening) New Zealand is probably still going to lead the way, and at a high level that does speak to ongoing NZD elevation.”

In this video, we look at key supports and resistance levels to consider when trading, especially amid a recent channel.