NZDUSD Will Fall! Sell!

Take a look at our analysis for NZDUSD.

Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 0.594.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.580 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!