The NZDUSD is about to test two key Fibonacci levels.

The NZDUSD has been following a steep downtrend line since March, and we are nearing the 88% retracement of the Sept 2018 lows to December 2018 highs and also the 127% extension of the December 2018 lows to 2019 highs. This level comes in at the .6490 level or so. RSI is not oversold, but you can argue it is divergent, so a break above the downtrend line at .6535 would actually turn this pair bullish.

NZDUSD Chart of the Day

Blake Morrow