Technical Analysis – NZDUSD holds in upward sloping channel; reached 5-month high

NZDUSD has been developing in an upward sloping channel since December 2017 and during yesterday’s trading session it reached a fresh five-month high of 0.7436, though it ended the day in the red. However, it regained some ground over today’s European session. Short-term momentum indicators are signaling for opposite scenarios. The RSI indicator is pointing north in […]