Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6860. The pair continues to move in a bearish trend. At this point, we should expect an attempt to test the upper border of the channel near the level of 0.6880 and continue the fall of the pair below the level of 0.6500.
NZD/USD weekly forecast on on December 11 — 15, 2017
In favor of the fall of NZD/USD is the resistance line test on the indicator of relative strength index (RSI). The abolition of the decline option will be a strong growth and breakdown of the area of 0.6970, which will indicate the continued reduction of the NZD/USD pair.
NZD/USD weekly forecast on on December 11 — 15, 2017 involves an attempt to test the level of 0.6860 and continuation of the fall of the NZD/USD pair into the area below 0.6500, an additional signal in favor of the drop is the trend line test on the relative strength indicator index (RSI).
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