Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in line with the decline. At the time of the publication of the forecast, the rate of the New Zealand Dollar to the US Dollar is 0.6561. At the moment, we should expect an attempt to test the resistance level near the 0.6625 area and the beginning of a fall into the area below the level of 0.6420.
NZD/USD forecast New Zealand Dollar October 4, 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 fall. Cancellation of the option of falling New Zealand Dollar quotations on Forex will be a strong growth and a breakdown level of 0.6705, which will indicate the breakdown of the resistance area and the continued growth of NZD/USD quotes in the area above the level of 0.6815. It is necessary to wait for confirmation of a decline in the pair with the breakdown of the lower border of the model and closing of quotes below the level of 0.6525.
NZD/USD forecast New Zealand Dollar October 4, 2018 implies an attempt to test the resistance area near 0.6625, from which we can expect further decline in quotations to below 0.6420, the test of the trend line on the relative strength index (RSI) will cancel out the option of reducing the pair NZD/USD will be a strong increase and the breakdown level of 0.6705, in this case, we should expect the pair to continue to grow.
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