Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in line with the decline. At the time of the publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6757. At the moment, we should expect an attempt to grow and test the resistance level near the 0.6765 area. Further, the continuation of the fall of the currency pair at Forex in the area below the level of 0.6665.
NZD/USD Forecast New Zealand Dollar April 12, 2019
In favor of the fall of the pair NZD/USD will rebound from the downward trend line on the relative strength index (RSI). The second signal will be a rebound from the upper boundary of the bearish channel. Cancellation of the option of falling quotations of the New Zealand Dollar on Forex will be a strong growth and the breakdown level of 0.6810. This will indicate a breakdown of the channel boundary. In this case, the pair will continue to rise to the area above the level of 0.6915. Expect confirmation of a decline in the pair with the breakdown of the support area and closing of quotes below the level of 0.6720.
Among the important news from New Zealand, which may have an impact on the course of the pair NZD/USD, it is worth highlighting: Retail sales of electronic cards in New Zealand.
NZD/USD Forecast New Zealand Dollar April 12, 2019 implies an attempt to test the resistance area near the level of 0.6765. Where can we expect the continuation of the fall in quotations to the area below the level of 0.6665. An additional signal in favor of the fall will be the test of the resistance line on the relative strength index (RSI). Cancellation of the option to reduce the pair NZD/USD will be a strong growth and the breakdown level of 0.6810. In this case, we should expect the continuation of the rise of the pair with a potential target above 0.6915.
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