NZDUSD Breakout creating higher highs

NZDUSD has broken above its previous top, confirming bullish strength for the continuation of the uptrend.
The Kiwi pair has broken above its previous top at 0.6808 created on the 23rd of February. This movement reaffirms the bullish trend and is expected to continue creating higher highs.
Price action is still bullish above the Ichimoku cloud, whereas the green cloud formation created by Senkou Span A crossing above Senkou Span B, also confirms increased trend strength.
The MACD is still above its zero-line and has also turned above its signal line, showing increased momentum to the upside as it moves further into positive territory.
If buyers maintain momentum, we can see price action continue higher with an initial resistance zone around the 0.6890 level. This resistance level emanates from a previous top created in the second week of January, which acted as a supply zone. A second possible target or resistance could come from the 161.8% Fibonacci projection of the previous corrective wave at 0.6920.
Alternatively, if market sentiment changes and sellers wrestle back control, we could see price action move lower to retest a previous top around 0.6732. A break below this support zone will aim towards lower levels of 0.6632.
In summary, as long as we see bullish momentum towards the upside, we can expect the New Zealand Dollar to continue making higher highs and higher bottoms in the short-term.