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NZD/USD has bullish momentum against a key resistance

NZD/USD has been bullish since August 2015 after making a low around 0.62. 

NZD/USD Daily Chart 8/18

(click to enlarge)

Bullish reversal:
- As we can see in the daily chart, NZD/USD has rallied back above the cluster of 200-, 100-, and 50-day simple moving averages (SMAs), which suggest a bullish reversal.
- Another sign of bullish momentum is that the RSI has pushed above 70 in June, and then held above 40 in July. As it swings back up in August, the RSI has the look of a bullish market that is building momentum. 
- Price found resistance between 0.7295 and 0.7320 several times. 
- However, because of the prevailing bullish momentum, I am not going to consider shorting here. 
- There might be some consolidation between 0.72 and 0.7320, but I don't think it's worth it to scalp with the increasing chance that a breakout is coming. 
- A break above 0.7320 can open up a bullish continuation scenario towards 0.76, with the 2015-highs around 0.7740 as the maximum projection for now, for the medium-term (looking at Q4 of 2016).