Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within a bearish correction. At the time of publication of the forecast, the New Zealand Dollar rate against the US Dollar is 0.6644. At this point, we should expect a test of the support level near the area of 0.6595 and the beginning of growth in the area above the level of 0.6735.
NZD/USD forecast New Zealand Dollar September 26, 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 a rebound from the lower border of the channel. Cancellation of the variant of the New Zealand Dollar growth on Forex will be the fall and breakdown at the level of 0.6565, 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 0.6490. To expect confirmation of the growth of the pair is with the breakdown of the resistance area and the closing of quotations above the level of 0.6685.
NZD/USD forecast New Zealand Dollar September 26, 2018 suggests a test of the support area near the level of 0.6595, where we can expect the growth of quotations to continue above 0.6735, the NZD/USD pair growth variant will decline and the breakdown at the level of 0.6565, in this case it is necessary to expect the pair to continue falling.
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