NZDUSD currency pair recently reversed up from the support zone lying between the major support level 0.69500 (former multi-month low from March) and the lower daily Bollinger. The upward reversal from this support zone created the daily candlesticks reversal pattern Bullish Engulfing – which stopped the previous sharp impulse wave (C). Given the prevailing daily uptrend – NZDUSD currency pair can be expected to rise further in the active impulse wave 1 toward the next resistance level 0.71150 (former monthly low from the start of May).