NZD/USD looking to finish a cycle

NZD/USD looking to finish a cycle

NZD/USD has been strong across the board, rallying above the 200 SMA at H4 chart. Currently, Kiwi is making a moving average crossover and it’s expected to see further advances in the pair, at least towards the 123.6% Fibonacci extension at 0.7024. To the downside, if the pair makes a pullback at the current stage, then it’s expected to see a decline to the 0.6923 level. Overall, our bullish outlook remains untouched and any dip should be taken as an opportunity to buy.

RSI indicator is hovering in the overbought territory.



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