NZD/USD Technical Analysis: Rally could stall on bearish divergence of the hourly RSI
|- The corrective rally in the NZD/USD pair gathered traction on Friday.
- The currency pair rose to 0.6845 today but further gains could be hard to come as the hourly relative strength index (RSI) has diverged in favor of the bears.
1-hour chart
Spot Rate: 0.6835
Daily High: 0.6845
Daily Low: 0.6830
Trend: Bearish
R1: 0.6851 (June 15 low)
R2: 0.6874 (50% Fib R of June 6 high - July 3 low)
R3: 0.6922 (June 25 high)
Support
S1: 0.6830 (23.6% Fib R of June 6 high - July 3 low)
S2: 0.68 (psychological level)
S3: 0.6775 (200-horu moving average)
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