NZD/USD Analysis

Market news

22 January 2018

NZD/USD Analysis

On daily time frame chart, we can see that NZD/USD has been follwing a strong bullish trend on the last few weeks.

However, now the price is showing some difficults in break through the purple box (resistance level) and the indicator - RSI - is showing a "overbought" which it may give some indications of a reversal trend.

Therefore, we can expect a further bearish movement soon.

IMF's Obstfeld says recent U.S tax reform will contribute "noticeably" to U.S. growth in short term

U.S. Stocks open: Dow -0.20% Nasdaq 0.00%, S&P -0.01%

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