Technical Analysis – NZDUSD stages strong rally to 1-year high
Posted on June 9, 2016 at 7:14 am GMTNZDUSD staged a strong rally early on Thursday to reach a one-year high of 0.7146. The pair turned more bullish after clearing some important barriers. There was a daily close above the key 0.70 level on Wednesday. Prices also cleared the April 19 high of 0.7053 and the 0.7100 level. There is scope to target the next key level at 0.7200. The daily RSI is trending up but is entering overbought territory, which suggests that there could be some consolidation [..]