NZD/USD Forecast New Zealand Dollar January 16, 2019

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 0.6824. At the moment, we should expect an attempt to continue growth and test the resistance level near 0.6835. Further, the continuation of the fall of the currency pair on Forex in the area below the level of 0.6645.

NZD/USD Forecast New Zealand Dollar January 16, 2019

In favor of the fall of the pair NZD/USD, a test of the resistance area on the relative strength index (RSI) will come out. 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 0.6865. This will indicate a breakdown of the resistance level. In this case, the pair will continue to grow to the area above the level of 0.6955. Waiting for confirmation of the pair falling is with the breakdown of the lower boundary of the ascending channel and closing of quotes below the level of 0.6755.

NZD/USD Forecast New Zealand Dollar January 16, 2019

NZD/USD Forecast New Zealand Dollar January 16, 2019 implies an attempt to test the resistance area near the level of 0.6835. Where can we expect the continuation of the fall in quotations to the area below the level of 0.6645. An additional signal in favor of reducing the test trend line on the indicator of relative strength index (RSI). Cancellation of the fall of the pair NZD/USD will be a strong growth and the breakdown level of 0.6865. In this case, we can expect continued growth of the pair.


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