Technical Analysis – NZDUSD follows bullish tendency; next level up at 0.7420
Posted on February 15, 2018 at 2:06 pm GMTNZDUSD is moving lower over the last couple of hours after the bullish run it created in the previous days. However, the aggressive buying interest pushed the price above the key level of 0.7350 and posted a 2-week high of 0.7410, indicating further upward tendency. Short-term momentum indicators are also pointing to a continuation of the bullish bias. However, the RSI is near the 70-overbought level at 64, suggesting that the latest upswing may be running out of steam and [..]