Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At this point, we should expect an attempt to test the level of 0.7030, then continue the fall of the pair with a target below 0.6955. In favor of the fall of the pair NZD/USD, a resistance line test will be performed on the indicator of relative strength index (RSI).
NZD/USD forecast New Zealand Dollar on December 27, 2017
The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakdown of the 0.7060 area, which will indicate the breakdown of the resistance level and the continuation of the NZD/USD quotations rise above 0.7120. Expect to accelerate the fall of the pair is with the breakdown of the level of 0.7000.
NZD/USD forecast New Zealand Dollar on December 27, 2017 assumes an attempt to test the level of 0.7030 and continue falling to the area below the level of 0.6955, an additional signal in favor of the fall will be a trend line test on the relative strength index (RSI), the cancellation of the NZD/USD fall will be a breakdown the level of 0.7030.
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