Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7019. The pair continues to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the level of 0.7100 and continue the fall of the pair below the level of 0.6670.
NZD/USD weekly forecast on December 25 — 29, 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 0.7250, which will also indicate the continued growth of the NZD/USD pair.
NZD/USD weekly forecast on December 25 — 29, 2017 assumes an attempt to test the level of 0.7100 and continuation of the fall of the NZD/USD pair into the area below 0.6670, an additional signal in favor of the drop will be a trend line test on the relative strength index (RSI), growth and closing above the level of 0.7250.
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