FXStreet reports that economists at Credit Suisse said that NZD/USD remains in a clear uptrend. 

“Although daily RSI is still in heavily overbought territory and momentum might slow down, allowing the market to unwind its overbought condition, with a major base in place though, as well as the recently completed bull ‘triangle’, we stay biased higher with resistance initially at the June 2018 high at 0.7054/60.

“Removal of the 0.7060 June 2018 high would subsequently open the door to the 78.6% retracement of the 2017/2020 fall at 0.7111, where we would expect to see a first attempt to cap.”