Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in the bullish channel. At the time of the publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6872. At the moment, we should expect an attempt to test the support level near the area of 0.6785. Further, the continuation of growth in the region above the level of 0.7050.
NZD/USD forecast New Zealand Dollar November 20, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the NZD/USD pair growth. Cancellation of growth options quotes the New Zealand Dollar on Forex will fall and the breakdown level of 0.6700. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of NZD/USD quotes to the area below the level of 0.6570. 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 0.6925.
NZD/USD forecast New Zealand Dollar November 20, 2018 implies an attempt to test the support area near the level of 0.6785. Where can we expect the continuation of growth of quotations in the area above the level of 0.7050. An additional signal in favor of the rise will be the 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 0.6700. In this case, we can expect a continuation of the decline of the pair.
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