NZDUSD is trading around 0.6761 and technically remains in a bearish trend. Things are still very clear regarding the trend in NZDUSD. Price continues making lower lows and lower highs.
Although price is making lower lows, the RSI is not following price and is making higher lows. This bullish divergence by the RSI is an important warning for bears that the downtrend is weakening. There are increased chances that the decline from 0.72 is already complete or very close to being completed. A reversal that will bring price towards 0.68-0.69 is very probable. Bears need to protect their gains and be cautious. There is no confirmation of a trend reversal yet. The RSI bullish divergence is a reliable warning.
