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 rebound and fall of quotations in the area below the level of 0.6950, then continue the growth of the pair with a target above 0.7100.
NZD/USD forecast & technical analysis on December 20, 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 the fall and breakdown of the area of 0.6910, which will indicate the breakdown of the lower border of the channel and the continuation of the drop in NZD/USD quotes.
NZD/USD forecast & technical analysis on December 20, 2017 assumes an attempt to test the lower border of the channel near 0.6950 and continue growth to the level above 0.7100, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the abolition of the NZD/USD will become a breakthrough at the level of 0.6910.
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