NZDUSD Price Analysis: Technical outlook

[king dee]

The New Zealand Dollar (NZD) ended the week almost flat after hitting a weekly high of 0.6203. Failure to crack the latter keeps the NZD exposed to selling pressure. Notably, the 0.6200 figure was tested three times, and with the Relative Strength Index (RSI) exiting overbought conditions, aiming slightly lower, a fall toward the 100-day Exponential Moving Average (EMA) at 0.6015 is on the cards.