LeoPrime Daily Market Analysis

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NZDUSD under bullish pressure; Likely to rise to resistance level 0.71500.

NZDUSD under the bullish pressure after he earlier breakout of the key resistance level 0.70750 (top of the previous minor correcting (a) from the start of April.) The breakout of the resistance level 0.70750 accelerated the active minor impulse wave (c) – which belongs to the longer-term ABC correction 2 from last month. NZDUSD currency pair can be expected to rise further toward the next resistance level 0.71500 (former support from March, breakout level of the previous up channel from 2019 and the target for the completion of the active ABC correction 2).

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