NZDUSD currency pair earlier reversed up from the combined support zone lying between the key support level
0.67000 (which reversed the price twice in the middle of December) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier downward impulse waves 3 and (C) – which started in the middle of October. Given the strength of the aforementioned support zone – NZDUSD currency pair can be expected to rise further toward the next resistance level 0.68500 (which has been reversing the pair from September).