NZD/USD daily RSI moving towards oversold

FXStreet (Guatemala) - NZD/USD is trading at 0.8425, down -0.11% on the day, having posted a daily high at 0.8438 and low at 0.8420.

NZD/USD traded on the offer with some pressure coming on upon the 0.8430’s. RSI is in neutral territory at 38.58, up from it’s last hourly close at 37.78, while ADX is trending above 30 at 41.64, up from 28.27 at the last hourly close. Looking to a daily chart, we see that RSI is at 27.48 and moving in towards oversold territory. The 200 SMA is currently at 0.8447, down from 0.8474 at the last period close, and declining on the hourly NZD/USD chart.

NZD/USD hourly levels

Spot is presently trading at 0.8425, and next resistance can be seen at 0.8436 (Hourly 20 EMA), 0.8442 (Daily Classic S2) and 0.8450 (Daily Classic S1). Next support to the downside can be found at 0.8412 (Weekly Classic S1) and 0.8363 (Weekly Classic S2).