Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the limits of the decline. At the moment, we should expect a test of the level of 0.6870 and continuation of the fall into the area below the level of 0.6700. In favor of the fall of the pair NZD/USD will break the support line on the indicator of relative strength index (RSI).
NZD/USD forecast & technical analysis on December 8, 2017
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 to accelerate the fall of quotations of the pair is with the breakdown of the lower limit of the model «Triangle» and the closing below the level of 0.6790.
NZD/USD forecast & technical analysis on December 8, 2017 expects a test of 0.6870 level and continuation of the fall below 0.6700, 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 0.6990.