NZDUSD currency pair recently reversed up from the support area lying between the key support level 0.71500 ( which has been reversing the price from the middle of April), 50-day moving average, lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse from March. The upward reversal from this support area stopped the previous intermediate ABC correction (2) Given the strongly bullish NZD sentiment seen today – NZDUSD currency pair can be expected to rise further toward the next key resistance level 0.73000 (which has been reversing the price from the end of April).
NZDUSD reversed from support area; Likely to rise to resistance level 0.73000.
