NZD/USD traders might experience on an intraday basis, soon to be a short-term weakness, the oversold conditions can be relaxed.
On the hourly chart, the 50 SMA is located at a distance of-the-day ATR above the 200 SMA. This indicates an intact upward trend.
Long-term invested dealer was told that the stochastics on the 4-hourly chart is over 50%. The End of the Long positions is not at the point needed, but the stochastics on the 1 hour chart indicates that it could be soon.
The oscillator is for more than 8 hours above the 70% level. With the last closing price on an hourly basis, he pulled back from the overbought area. This is the warning that a short-term High has been formed.