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NZDUSD OverBought Fundamentally and Technically

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
TogamiTrader  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Oscillators Fundamental Analysis Support and Resistance PPP purchasingpower riskoff risk overbought
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oscillator fundamental supportandresistance ppp purchasingpower riskoff risk overbought
NZD/USD has slightly overshot its PPP implied exchange rate and the RSI(14) is at yearly highs (so is the price as well). I expect at least a small correction as traders wait for more economic data to justify a further move to the upside as this is a riskier asset. Disclaimer: As always, I am not your financial advisor.
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