NZDUSD recently reversed up with the daily Bullish Engulfing from the support area lying between the key support level 0.59300 (which has been reversing the price from the middle of April), lower daily Bollinger Band and the 38.2% Fibonacci correction of the earlier upward impulse wave A from the middle of March. With the strong bullish sentiment affecting New Zealand dollar today – NZDUSD is expected to rise further in the active impulse wave C toward the next resistance level 0.61700 (top of the previous impulse wave A from the end of last month).