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 publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6716. At the moment, we can expect an attempt to grow and test the resistance level near the area of 0.6765. Further, the continuation of the fall in the area below the level of 0.6555.
NZD/USD forecast New Zealand Dollar December 26, 2018
The test of the broken trend line on the relative strength index (RSI) will be in favor of the fall of the NZD/USD pair. As well as a rebound from the «Neckline» of the «Head and Shoulders» reversal FOREX model. Cancellation of the option to reduce the quotes of the New Zealand Dollar on Forex will be a strong growth and the breakdown level of 0.6885. This will indicate a breakdown of the resistance area and the cancellation of the reversal pattern. In this case, the pair will continue to grow to the area above the level of 0.7155. Expect to accelerate the fall of the pair stands with the breakdown of the support area and closing quotes below 0.6695.
NZD/USD forecast New Zealand Dollar December 26, 2018 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 0.6555. An additional signal in favor of reducing the test trend line on the indicator of relative strength index (RSI). Cancellation of the option of falling of the pair NZD/USD will be a strong growth and the breakdown level of 0.6885. In this case, we can expect continued growth of the pair.
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