NZD / USD Sees Negative Divergence on Rising Wedge

New Zealand’s Dollar has been reversing course in contradiction to its bearish stance against its U.S. counterpart. Since mid-March the pair has been oscillating in a rising wedge, which could signal an oncoming sell-off. The RSI indicator also seems to agree with such a signal. Currently, the oscillator appears to be exhibiting negative divergence, which generally preludes a reversal move.