NZD/USD continues strong uptrend
- NZD/USD continues strong uptrend
- Next buy target - 0.7300
NZD/USD continues to rise inside the minor impulse wave 3 – which stared earlier – when the pair revered up from the support zone lying between the round support level 0.7000, 0.6980 (previous sell target), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward price impulse 1 from the end of May.
The active minor impulse wave 3 belongs to the sharp intermediate impulse wave (C) from the end of May. NZD/USD is expected to rise further in the active impulse waves 3 and (C) toward the next buy target at the strong resistance level 0.7300 (which stopped earlier impulse wave 1 in July).