FXstreet.com (Barcelona) - New Zealand Dollar continues trading higher, as the pair's pullback from 14 -month high at 0.7575 has been hold at 0.7440, Oct 20 low, and bounced upwards to re-test 0.7575, which, so far remains intact.

The Kiwi however, remains above 0.7505 level and according to Alex Rudolph, technical analyst at Commerzbank, the pair could break above 0.7575 area: The probability of a rise above this year's .7579 peak remains high though with the channel pivot line likely to act as minor resistance and, if not, the .7663/.7760 area (late June '08 high and July '08 peak). Further up lurks the 100% Fibonacci extension at .7889.

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