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 0.6900. At the moment, we should expect an attempt to reduce and test the support level near the area of 0.6845. Further, the continued growth of the currency pair on Forex in the area above the level of 0.7040.
NZD/USD Forecast New Zealand Dollar February 6, 2019
The test of the support line on the relative strength index (RSI) will be in favor of the NZD/USD pair growth. As well as a rebound from the lower boundary of the rising channel. Cancellation of growth options quotes the New Zealand Dollar on FOREX will fall and the breakdown level of 0.6730. This will indicate a breakdown of the support level. In this case, the pair will continue to decline to the area below the level of 0.6610. Expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closure of quotations above the level of 0.6955.
NZD/USD Forecast New Zealand Dollar February 6, 2019 implies an attempt to test the support area near the level of 0.6845. Where can we expect the continuation of growth of quotations in the area above the level of 0.7040. 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 0.6730. In this case, we should expect the pair to continue to decline with a potential target below 0.6610.