NZDUSD currency pair recently reversed up from the powerful multi-month support level 0.71000 (which has been reversing the pair from the middle of January, as can be seen from the daily NZDUSD chart below). The support area near the support level 0.7100 was strengthened by the lower daily Bollinger Band and by the support trendline of the daily up channel from May of 2020. Given the bearish sentiment affecting the US dollar today and the strong daily uptrend – NZDUSD currency pair can be expected to rise further toward the next resistance level 0.73000 (top of the minor correction from the start of March).