The NZDUSD presents an upward trend since June of 2009 showing a break in mid February this year and then rebound late last March.
The strength of this rebound seems to weaken during the last session and the pair is very close to the overbought zone (the RSI is above the critical zone of 70) so that you can predict a turnaround soon .
Moving averages do not provide even a sell signal but continues in effect the purchase.
How to raise resistance level can be set to 0.8190 because there goes the highs that occurred during the month of February 2008.
The first base can be found at 0.7615 while the second in the order of 0.7260.
The trading volume was much lower than in previous weeks so it could be giving a weakening trend.
