Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
NZD/USD Possible Bounce Level Just Under the Market; RSI Considerations

NZD/USD Possible Bounce Level Just Under the Market; RSI Considerations

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Kiwi has resumed lower since resolving its .7140-.7240 range. A parallel is just below the market and could provide support for a bounce. RSI is interesting in that the indicator has slipped below 30 today. Readings above 70 and below 30 have led to immediate reversals over the last year+. In other words, RSI has been ‘range bound’. During trends, turns from OB/OS levels are short lived and/or the indicator will remains ‘extreme’ for extended periods of time. Given the length of time that RSI has traded between 70 and 30, don’t be surprised if the indicator transitions into trending behavior.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.