NZDUSD has surged 27 percent in the past 12 months, in order to measure current market sentiment technically oriented traders use RSI . RSI is now at “overbought” levels as the pair has gained 2.6 percent this week testing multi-year highs of 0.7873 following a clear bullish trend channel.
[B][U][I]TECHNICALS:[/I][/U][/B]
Support: 0.7900
Resistance: 0.7867
See the DailyFX Technicals for further insight