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 a rebound attempt and continue falling quotations in the area below the level of 0.6910. In favor of the fall of the pair NZD/USD will perform a test of the resistance area on the indicator of relative strength index (RSI).
NZD/USD forecast & technical analysis on December 19, 2017
The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakdown of the 0.7070 area, which will indicate a breakthrough of the channel’s border and the continuation of the NZD/USD quotes.
NZD/USD forecast & technical analysis on December 19, 2017 assumes an attempt to test the lower border of the channel near 0.6930 and continue growth to the level above 0.7100, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the abolition of the NZD/USD will become a breakthrough at the level of 0.6870.
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