NZDUSD currency pair continues to rise inside the short-term upward correction 4, which recently broke the resistance trendline of the daily down channel from the middle of June. This upward correction started
earlier from the support level 0.61000 (which has been steadily reversing up this currency pair in the last few trading sessions). Given the continuation of the bullish New Zealand dollar sentiment that could be observer across the FX markets recently, NZDUSD currency pair can then be expected to extend the gains toward the next resistance level 0.63250.
NZDUSD rising inside short-term correction 4; Likely to reach resistance level 0.63250.
