Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in the downward channel. At the time of the publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6616. At the moment, we should expect an attempt to test the support level near 0.6575 and the beginning of growth in the area above the level of 0.6720.
NZD/USD forecast New Zealand Dollar November 2, 2018
A test of the trend line on the relative strength index (RSI), as well as a rebound from the upper limit of the «Triangle» model, will be in favor of the NZD/USD pair growth. Cancellation of the growth rate of the New Zealand Dollar quotes will be a fall and a breakdown level of 0.6530, which will indicate a breakdown of the upper limit of the model and a continued decline in NZD/USD quotes to below 0.6435. 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 0.6655.
NZD/USD forecast New Zealand Dollar November 2, 2018 implies an attempt to test the support area near 0.6575, from which one can expect further growth of quotations to the area above 0.6720.