NZD/USD remains poised for additional upside. Hourly sticks chart bullish crossover. RSI remains in overbought conditions. NZD/USD is looking to extend its break higher after a brief consolidative stint, thanks to the broad-based US dollar weakness, buoyant risk tone and favorable technical set up. The kiwi’s hourly chart shows a double bullish crossover, which points to more gains in the offing. The bullish 21-hourly moving average (HMA) pierced through the horizontal 200-HMA. At the same time, the 50-HMA crossed above the 100-HMA, backing the upside break from the Asian bullish consolidation. At the time of writing, NZD/USD surges 0.66% on a daily basis to trade at 0.7216, heading towards Wednesday’s high of 0.7248. The Relative Strength Index (RSI) is edging higher within the overbought region, warranting caution for the bulls. But the path of least resistance appears to the upside. Alternatively, the bullish 21-HMA at 0.7182 could offer strong support should the price attempt a pullback. NZD/USD: Hourly chart NZD/USD: Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: PBoC stays on hold amidst ongoing recovery – UOB FX Street 2 years NZD/USD remains poised for additional upside. Hourly sticks chart bullish crossover. RSI remains in overbought conditions. NZD/USD is looking to extend its break higher after a brief consolidative stint, thanks to the broad-based US dollar weakness, buoyant risk tone and favorable technical set up. The kiwi’s hourly chart shows a double bullish crossover, which points to more gains in the offing. The bullish 21-hourly moving average (HMA) pierced through the horizontal 200-HMA. At the same time, the 50-HMA crossed above the 100-HMA, backing the upside break from the Asian bullish consolidation. At the time of writing, NZD/USD surges 0.66% on a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
