NZDUSD Wave Analysis 30 December, 2020

• 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)).