Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the correction. At the moment, we should expect a test of the support level test near the area of 0.7305 and the continuation of growth in the area above the level of 0.7465. In favor of the growth of the pair NZD/USD, a test of the support line on the indicator of relative strength index (RSI) will perform, as well as a test of the lower boundary of the bullish channel.
NZD/USD forecast & technical analysis February 27, 2018
The cancellation of the New Zealand Dollar growth rate on the FOREX will be the fall and breakdown of the area of 0.7250, which will indicate the breakdown of the lower border of the rising 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 0.7350.
NZD/USD forecast & technical analysis February 27, 2018 assumes an attempt to test the support level near the area of 0.7305, where it is expected to continue the growth of quotations to the area above the level of 0.7465, an additional signal in favor of growth will test the support line on the indicator of relative strength index (RSI), the NZD/USD pair growth scenario will be a drop and breakdown at the level of 0.7250.
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