- NZD/USD remains on the front foot around intraday high inside weekly rising wedge.
- Gradually improving RSI conditions suggest further grinding of Kiwi pair towards the north.
- 200-HMA, fortnight-old horizontal hurdle challenge NZD/USD bulls.
- Clear break of 0.6240 can recall sellers targeting monthly low.
NZD/USD remains firmer around the weekly top as it prints mild gains near 0.6265 during the second consecutive positive day heading into Thursday’s European session. In doing so, the Kiwi pair stays within a bearish chart formation called a rising wedge comprising multiple levels marked since the last Friday.
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