NZDUSD has broken through a significant resistance level at 0.6200, indicating bullish momentum in the currency pair. This level has acted as a reversal point since the end of July, making this breakout particularly significant. The recent breakout above 0.6200 has accelerated an active minor impulse wave 1, which is part of a medium-term upward impulse wave (C).
Based on this technical analysis, it's likely that NZDUSD will continue to rise, with the next key resistance level to watch being 0.6360. This level has served as resistance in the past, notably in April, March, and July, making it a significant price point. In summary, the wave patterns and the breakout above 0.6200 suggest a bullish outlook for NZDUSD, with the potential for further gains towards the 0.6360 resistance level.