Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the fall. At the time of the publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6726. At the moment, we should expect an attempt to rise and test the resistance level near the area of 0.6775. Further, the continuation of the fall of the currency pair on Forex in the area below the level of 0.6635.
NZD/USD Forecast New Zealand Dollar February 13, 2019
The test of the broken trend line on the relative strength index (RSI) will be in favor of the NZD/USD pair fall. The second signal will be a rebound from the lower boundary of the rising 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 0.6905. This will indicate a breakdown of the resistance level. In this case, the pair will continue to rise to the area above the level of 0.7050. Expect confirmation of a decline in the pair is with the breakdown of the support area and closing quotes below the level of 0.6705.
Among the important news from New Zealand that may affect the NZD/USD pair rate, it is worth mentioning: the decision of the Reserve Bank of New Zealand on the basic interest rate, the accompanying statement of the Reserve Bank of New Zealand, the Press Conference of the Reserve Bank of New Zealand.
NZD/USD Forecast New Zealand Dollar February 13, 2019 implies an attempt to test the resistance area near the level of 0.6775. Where can we expect the continuation of the fall in quotations to the area below the level of 0.6635. An additional signal in favor of the fall is the test of the trend 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 0.6905. In this case, it is worth expecting the continuation of the rise of the pair with a potential target above 0.7050.