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 0.6785. At the moment, we should expect an attempt to test the support level near 0.6720 and continue to grow to an area above 0.6865.
NZD/USD forecast New Zealand Dollar November 8, 2018
A test of the trend line on the relative strength index (RSI), as well as a rebound from the lower boundary of the rising channel, will be in favor of the NZD/USD pair growth. Cancellation of the growth rate of the New Zealand Dollar Forex quotes will be a fall and a breakdown level of 0.6675, which will indicate a breakdown of the lower border of the channel and a continued decline in NZD/USD quotes to below 0.6535. Expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closure of quotations above 0.6810.
Among the important news from New Zealand, which may have an impact on the course of the pair NZD/USD, it is worth highlighting: Press Conference of the Reserve Bank of New Zealand.
NZD/USD forecast New Zealand Dollar November 8, 2018 implies an attempt to test the support area near the level of 0.6720, where we can expect the growth of quotations to the area above the level of 0.6865. An additional signal in favor of growth will be a 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 0.6675, in this case, we should expect the pair to continue to decline.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
