NZDUSD is breaking above the upper boundary of the bearish corrective channel (Analysis – 19/01/2026).

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NZDUSD posted a strong intraday rally, breaking above the upper boundary of the bearish corrective channel that had capped price action in the short term. The move was reinforced by a decisive push above the EMA50 resistance, increasing the significance of this advance and raising the prospects of a near-term trend shift if the breakout is sustained. This comes after the pair relieved its overbought conditions on the RSI, alongside the emergence of positive overlapping signals from the indicator.

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