Short - Long term outlook - Bearish to Bullish
Short term the NZDUSD has created a bearish pennant formation - we could see the NZDUSD re-test the 0.6500 area
However, long term there is a bullish RSI divergence suggesting there could be some upside back towards the 0.6630 resistance level.
This will depend on the trade war/ RBA and RBNZ interest rate decision in the coming days
However, long term there is a bullish RSI divergence suggesting there could be some upside back towards the 0.6630 resistance level.
This will depend on the trade war/ RBA and RBNZ interest rate decision in the coming days