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 an attempt to fall into the region of the lower border of the channel near 0.7185, then continue the growth in the area above the level of 0.7350.
NZD/USD forecast & technical analysis January 16, 2018
In favor of the fall of the pair NZD/USD is the test of the resistance line on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakdown of the 0.7330 area, which will indicate a breakdown of the upper border of the channel and the continuation of the NZD/USD quotations with a target above 0.7390.
NZD/USD forecast & technical analysis January 16, 2018 suggests an attempt to fall to the lower border of the channel near the level of 0.7185, from where it is expected to continue growing, an additional signal in favor of the fall will be a trend line test on the indicator of relative strength index (RSI), NZD/USD will be strong growth and breakdown at the level of 0.7330.
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