Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At the time of publication of the forecast, the New Zealand Dollar rate against the US Dollar is 0.6665. At the moment, we should expect a test of the support level near the 0.6615 area and the beginning of growth in the area above the level of 0.6745.
NZD/USD forecast New Zealand Dollar September 27, 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 0.6695.
Among the important news from New Zealand that may influence the NZD/USD pair’s rate, it is worth highlighting: New Zealand Reserve Bank’s interest rate decision, Covering statement, Commentary on monetary policy, Press conference of the Reserve Bank of New Zealand.
NZD/USD forecast New Zealand Dollar September 27, 2018 suggests an attempt to test the support area near the level of 0.6615, where it is expected to continue the growth of quotations to the area above 0.6745, an additional signal in favor of growth will test the trend line on the indicator of relative strength index (RSI).
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