Technical analysis of NZD/USD for May 15, 2017

NZD/USD is expected to trade with bullish outlook. The pair posted a rebound and broke above the 20-period and 50-period moving averages. In addition, the 20-period moving average crossed above the 50-period one. The relative strength index lacks downward momentum. Hence, as long as 0.6835 is not broken, look for a continuation of a technical […]