Technical Analysis – NZDUSD struggles beneath 4-month peak

NZDUSD reached overbought levels according to the RSI and found strong resistance just after touching a four-month high of 0.6580.  Also, the MACD is holding above its red trigger line, which supports the bullish view, while the 20-day simple moving average (SMA) keeps increasing its distance above the 40-day SMA, suggesting that the recent upward move is likely to stay in place for now. […]