LeoPrime Daily Market Analysis

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NZDUSD rising inside wave 3; Likely to reach to 0.68000

NZDUSD continues to rise inside the short-term impulse wave 3 which started earlier from the support level 0.66300 (former resistance from August), coinciding with the support trendline from the middle of May. The active impulse wave 3 belongs to the impulse wave (C) from last month. Given the predominant daily uptrend and the rising bearish U.S. dollar sentiment seen across the FX market today – NZDUSD is likely to rise further toward the next resistance level 0.68000 (top of the previous impulse wave 1 from the start of September).

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