December 30, 2020 at 03:19PM

• NZDUSD under bullish pressure

• Likely to rise to 0,7400

NZDUSD under the bullish pressure today after the pair broke above the resistance level 0.7170 (top of the previous minor impulse wave 3 from last week).

The pair is currently moving inside the multi-impulse upward impulse sequence aligned with the multi-month uptrend from March.

NZDUSD is expected to rise further to the next resistance level 0,7400 (target price for the completion of the active impulse waves 5 and (5)).

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From: The FxPro Tech Analysis Team
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