NZDUSD recently reversed up from the support area lying between the round support level 0.70000 (which has been reversing the price from the end of November), lower daily Bollinger Band and the 38.2% Fibonacci correction level of the previous upward impulse wave from the middle of November. The same support area created the daily Hammer earlier this month. Given the clearly visible uptrend and the moderately bullish sentiment New Zealand sentiment seen across the FX markets today – NZDUSD is expected to rise further toward the next resistance level 0.71700 (top of the previous impulse wave 3)