Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the limits of the decline. At this point, we should expect an attempt to test the level of 0.6820 and continue growth in the area above the level of 0.6980. In favor of the growth of the pair NZD/USD, a support line test will be performed on the relative strength indicator (RSI), as well as the formation of the «Head and Shoulders» reversal model.
NZD/USD forecast & technical analysis on December 5, 2017
Cancellation of the variant of growth of quotations of the New Zealand Dollar on Forex will be the fall and breakdown of the area of 0.6760, which will indicate the continuation of the fall of NZD/USD.
NZD/USD forecast & technical analysis on December 5, 2017 presupposes an attempt to test the level of 0.6820 and continue growth as part of the development of the «Head and Shoulders» reversal pattern with the aim of growth above 0.6980, the cancellation of the NZD/USD growth option will be a breakdown at the level of 0.6760.
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