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 upper border of the channel near the level of 0.6960 and continue falling into the area below the level of 0.6840.
NZD/USD forecast & technical analysis on December 14, 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 breakdown of the area of 0.7010, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of NZD/USD quotes.
NZD/USD forecast & technical analysis on December 14, 2017 assumes an attempt to test the upper border of the channel near 0.6960 and continue falling to the area below the level of 0.6840, an additional signal in favor of the drop will be a test of the resistance line on the indicator of relative strength index (RSI), the abolition of the NZD/USD will become a breakthrough at the level of 0.7010.
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