Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the correction. At this point, we should expect an attempt to test the lower border of the channel near the level of 0.6950, then continue the growth of the pair with a target above 0.7150.
NZD/USD forecast & technical analysis on December 21, 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. Expect to accelerate the growth of the pair is with the breakdown of the level of 0.7000.
NZD/USD forecast & technical analysis on December 21, 2017 assumes an attempt to test the lower border of the channel near 0.6950 and continue growth to the level above 0.7150, 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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