Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in the ascending channel. At the time of the publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6804. At the moment, we should expect an attempt to decrease and test the support level near the area of 0.6775. Further, the continuation of growth in the region above the level of 0.6965.
NZD/USD forecast New Zealand Dollar November 27, 2018
A test of the trend 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 0.6705. This will indicate a breakdown of the lower boundary of the channel. In this case, the pair will continue to decline to the area below the level of 0.6595. It is worth waiting for the confirmation of the pair’s growth with the breakdown of the resistance area and the closing of quotes above the level of 0.6890.
Among the important news from New Zealand that may have an impact on the course of the pair NZD/USD, it is worth highlighting: Report on the financial stability of the Reserve Bank of New Zealand.
NZD/USD forecast New Zealand Dollar November 27, 2018 implies an attempt to test the support area near the level of 0.6775. Where can we expect the continuation of growth of quotations in the area above the level of 0.6965. 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 0.6705. In this case, we can expect a continuation of the decline of the pair.
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