- NZDUSD broke resistance area
- Further gains are likely
NZDUSD recently broke the resistance area lying between the key resistance level 0.6660 (which reversed the price in June and April) and the 38.2% Fibonacci correction of the previous downward impulse from March.
The breakout of this resistance area accelerated the active impulse wave 3 from the middle of June – which belongs to wave (3).
NZDUSD is expected to rise further and retest the next resistance level 0.6750 (former support from March).