NZDUSD Technical Analysis 31 August, 2021

• NZDUSD broke round resistance level 0.7000
• Likely to rise resistance level 0.7100

NZDUSD currency pair continues to rise after the price broke above the round resistance level 0.7000, which accelerated the active upward impulse wave 1, which is a part of the intermediate upward impulse sequence (C), which started earlier with the daily candlesticks reversal pattern Morning Star from the key support level 0.6800.

Given the strongly bullish new Zealand dollar sentiment seen across the FX markets today – NZDUSD currency pair can be expected to rise further toward the next round resistance level 0.7100 (which has been steadily reversing the price from the end of June).

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