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 0.6847. At the moment, we should expect an attempt to grow and test the resistance level near the area of 0.6880. Further, the continuation of the fall of the currency pair at Forex in the area below the level of 0.6705.
NZD/USD Forecast New Zealand Dollar January 29, 2019
In favor of the fall of the pair NZD/USD will make a test trend line on the indicator of relative strength index (RSI). As well as a rebound from the upper boundary of the descending channel. 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 0.6915. 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 0.6995. It is necessary to wait for confirmation of the pair’s fall with the breakdown of the support area and closing of quotes below the level of 0.6805.
NZD/USD Forecast New Zealand Dollar January 29, 2019 implies an attempt to test the resistance area near the level of 0.6880. Where can we expect the continuation of the fall in quotations to the area below the level of 0.6705. 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 0.6915. In this case, we can expect the pair to continue growing with a potential target above 0.6995.