Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the framework of the «Triangle» model. At this point, we should expect a test of the level of 0.6930 and continuation of the fall into the area below the level of 0.6040.
NZD/USD forecast & technical analysis on December 12, 2017
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). The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakout of the area of 0.6960, which will indicate the continued growth of NZD/USD. Expect the acceleration of falling quotations of the pair is with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 0.6810.
NZD/USD forecast & technical analysis on December 12, 2017 assumes an attempt to test the level of 0.6930 and continue falling into the area below the level of 0.6040, 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 0.6960.
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