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 0.6654. At the moment, we should expect an attempt to test the support level near 0.6615 and the beginning of growth in the region above the level of 0.6765.
NZD/USD forecast New Zealand Dollar November 6, 2018
A test of the trend line on the relative strength index (RSI), as well as a rebound from the upper limit of the downward channel, will be in favor of the growth of the NZD/USD pair. Cancellation of the growth rate of the New Zealand Dollar Forex quotes will be a fall and a breakdown level of 0.6530, which will indicate a breakdown of the upper boundary of the channel and a continued decline in NZD/USD quotes to the area below the level of 0.6435. Expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closure of quotes above the level of 0.6705.
NZD/USD forecast New Zealand Dollar November 6, 2018 implies an attempt to test the support area near 0.6615, from which one can expect further growth of quotations to the area above 0.6765, a test in trend indicator on the relative strength index (RSI) will act as a surplus growth option.