Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. At this point, we should expect an attempt to test the resistance level near the area of 0.7280 and continue falling to the area below the level of 0.7120. In favor of the fall of the pair NZD/USD, a resistance line test will be performed on the indicator of relative strength index (RSI).
NZD/USD forecast & technical analysis February 13, 2018
The cancellation of the New Zealand Dollar quotation will result in a strong growth and breakout of the area of 0.7330, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of NZD/USD quotes. To expect confirmation of the fall of the pair is with the breakdown of the support area and the closing of quotations below the level of 0.7180.
NZD/USD forecast & technical analysis February 13, 2018 suggests an attempt to test the resistance level near the area of 0.7280, where it is expected to continue falling of quotations in the area below the level of 0.7120, an additional signal in favor of the fall will be a test of the resistance line on the indicator of relative strength index (RSI), the NZD/USD pair’s fall will be a strong growth and breakdown at the level of 0.7330.
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