Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6867. The pair continues to move within the framework of a strong fall. At this point, we should expect an attempt to rebound from the support level and the growth of quotations in the area above the level of 0.7050.
NZD/USD forecast on October 30 — November 3, 2017
In favor of the growth of NZD/USD is the test of the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option will be the fall and breakdown of the area 0.6720, which will indicate the breakdown of the support area and the continued reduction of the NZD/USD pair with a target below 0.6250.
Among the important news from New Zealand, which may have an impact on the New Zealand Dollar exchange rate, it is worth highlighting: Change in the number of employed, Unemployment rate.
NZD/USD forecast on October 30 — November 3, 2017 involves an attempt to rebound from the support level and continue to grow the pair with a target close to 0.7050, an additional signal in favor of growth is the test of the support line on the indicator of relative strength index (RSI).
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