NZDUSD continues to rise after the price broke above the key resistance level 0.71700 (which stopped the previous upward impulse wave 1 in the middle of of December as can be seen from the daily NZDUSD chart below). The breakout of the resistance level 0.71700 continues the active minor impulse wave 3 – which belongs to the medium-term upward impulse wave (5) from the middle of May. Given the clear predominant uptrend and the continued USD bearishness seen today – NZDUSD is expected to rise further toward the next resistance level 0.74000 (forecast price for the completion of the active impulse wave 3).