Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At this point, we should expect an attempt to test the support level near the area of 0.7360 and continue growth in the area above the level of 0.7495. In favor of the growth of the pair NZD/USD will perform a test of the support line on the indicator of relative strength index (RSI).
NZD/USD forecast & technical analysis February 20, 2018
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 0.7330, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continuation of the drop in NZD/USD quotes. Expect to confirm the growth of the pair is with the breakdown of the upper limit of the model «Triangle» and the closing of quotes above the level of 0.7410.
NZD/USD forecast & technical analysis February 20, 2018 assumes an attempt to test the support level near the area of 0.7360, where it is expected to continue the growth of quotations to the area above the level of 0.7495, an additional signal in favor of growth will test the support line on the indicator of relative strength index (RSI).
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