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NZDUSD broke resistance zone; Likely to rise to resistance level 0.70850

NZDUSD currency pair under the bullish pressure today after the price broke through the resistance zone lying between the round resistance level 0.70000 and the resistance trendline from the end of May. The breakout of this resistance zone accelerated the active interdicted impulse wave (C). Given the strongly bullish New Zealand dollar sentiment seen across the currency markets today, NZDUSD currency pair can be expected to rise further toward the next major resistance level 0.70850 (which has been steadily reversing the price from the end of June).

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