NZD/USD Trading on Top of a Key Trendline Support

Posted by on Feb 26, 2013

NZD/USD Daily chart 2/26/2013 9:20AM EST Sideways: The NZD/USD has been trading sideways throughout 2013, but with a bit of a bullish bias. It did make new highs as you can see in the daily chart, but it kept retreating back to 0.83 . As far as momentum goes, the daily RSI has held above 40, so the bullish momentum is maintained, but since 2013, it has also held under 60, showing consolidation momentum. Rising trendline support: Price action fell in the last couple of weeks from a new 2013
468 ad

Comments are closed.