NZDUSD recently broke through the resistance area lying between the strong resistance level 0.6350 (which stopped the previous waves (a) and (b), as can be seen below) and the 61.8% Fibonacci correction of the previous sharp impulse wave 3 from the middle of September Given the moderate bullish New Zealand Dollar sentiment seen across the markets today, NZDUSD is expected to rise further toward the next resistance level 0.6440 (former monthly high from September and the target for the completion of the active ABC correction 4).
