Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of growth. At the time of publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6869. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6840. Further, the continuation of growth in the region above the level of 0.7000.
NZD/USD forecast New Zealand Dollar December 7, 2018
A test of the bullish trend line on the relative strength index (RSI) will be in favor of the growth of the NZD/USD pair. As well as a rebound from the lower boundary of the bullish channel. Cancellation of growth options quotes the New Zealand Dollar on FOREX will fall and the breakdown level of 0.6800. This will indicate a breakdown of the lower boundary of the channel. In this case, the pair will continue to decline to the area below the level of 0.6705. The pair is expected to accelerate growth with a breakdown of the resistance area and closing of quotes above the level of 0.6995.
NZD/USD forecast New Zealand Dollar December 7, 2018 implies an attempt to test the support area near the level of 0.6840. Where do we expect to continue the growth of quotations in the area above the level of 0.7000. An additional signal in favor of the rise will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option of the pair NZD/USD will fall and the breakdown level of 0.6800. In this case, we can expect a continuation of the decline of the pair.