Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At the moment, we should expect an attempt to test the support area near the level of 0.7320 and continue growth in the area above the level of 0.7425.
NZD/USD forecast & technical analysis April 12, 2018
In favor of the growth of NZD/USD, a support line test will be performed on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar growth rate on the Forex will be a drop and breakdown at the level of 0.7275, which will indicate the breakdown of the lower border of the channel and the continuation of the drop in NZD/USD quotes. 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 0.7380.
NZD/USD forecast & technical analysis April 12, 2018 suggests an attempt to test the support area near the level of 0.7320, where it is expected to continue the growth of quotations to the area above the level of 0.7425, an additional signal in favor of growth will test the support line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
