NZD/USD: Daily
No wonder the Kiwi’s having a tough time extending its climb! NZD/USD is hitting a ceiling at the top of the rising channel on its daily forex chart, with Kiwi traders sitting at the edge of their seats ahead of the RBNZ rate decision this week. Stochastic is crawling down, reflecting a bit of selling pressure. A long red candle might confirm that a selloff is underway but a strong upside break above .8750 could mean that the Kiwi is set to fly higher!
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