Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At the moment, we should expect an attempt of a fall test in the region of the lower border of the channel near 0.7045.
NZD/USD forecast & technical analysis January 9, 2018
In favor of the fall of the pair NZD/USD is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar quotation on FOREX will result in a strong growth and breakdown of the 0.7205 area, which will indicate a breakdown of the channel’s upper boundary and the continuation of the NZD/USD quotations rise above 0.7250. Expect to accelerate the fall of the pair is with the breakdown of the level of 0.7135.
NZD/USD forecast & technical analysis January 9, 2018 suggests an attempt to fall below the level of 0.7045, an additional signal in favor of the decline is the formation of a reversal pattern on the relative strength index (RSI), the abolition of the NZD/USD decline option will be a strong growth and breakdown at the level of 0.7205.