Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. Quotations were able to break the upper limit of the model «Triangle». At this point, we should expect a test of the broken edge test near the level of 0.6910 and the continuation of growth in the area above the level of 0.7040.
NZD/USD forecast & technical analysis on December 13, 2017
In favor of the growth of the pair NZD/USD will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the New Zealand Dollar on Forex will be a fall and breakdown of the area of 0.6860, which will indicate the continuation of the fall of quotations NZD/USD.
NZD/USD forecast & technical analysis on December 13, 2017 assumes an attempt to test the upper bound of the «Triangle» model near 0.6910 and continue growth to the level above 0.7040, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), growth of NZD/USD will be a breakdown at the level of 0.6860.
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