Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the framework of the bullish correction. At the time of publication of the forecast, the rate of the New Zealand Dollar against the US Dollar is 0.6603. At the moment, we should expect a test of the support level near the area of 0.6575 and the beginning of growth in the area above the level of 0.6675.
NZD/USD forecast New Zealand Dollar September 20, 2018
In favor of the growth of the pair NZD/USD, a trend line test will be performed on the relative strength index (RSI), as well as the lower channel test. Cancellation of the variant of the New Zealand dollar growth on Forex will be a drop and breakdown at the level of 0.6635, which will indicate the breakdown of the lower border of the channel and the continuation of the reduction of NZD/USD quotations to the area below the level of 0.6470. To expect confirmation of the growth of the pair is with the breakdown of the upper border of the rising channel and the closing of quotations above the level of 0.6645.
Important news from New Zealand, which can influence the exchange rate of the NZD/USD pair, is not expected, so the pair will continue to move in the technical analysis.
NZD/USD forecast New Zealand Dollar September 20, 2018 suggests a test of the support area near the level of 0.6575, from which it is expected to continue the growth of quotations to the area above the level of 0.6675, an additional signal in favor of growth will test the trend line on the indicator of relative strength index (RSI).
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