NZD/USD forecast & technical analysis January 3, 2018


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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 test the lower border of the channel near 0.7090, then continue the growth of the pair with a target above 0.7170.

NZD/USD forecast & technical analysis January 3, 2018

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). The cancellation of the New Zealand Dollar growth rate for the FOREX will be the fall and the breakdown of the 0.7070 area, which will indicate the breakdown of the lower border of the channel and the continuation of the NZD/USD price drop for a target below 0.7000. Expect to accelerate the growth of the pair is with the breakdown of the upper boundary of the channel and closing above the level of 0.7145.

NZD/USD forecast & technical analysis January 3, 2018

NZD/USD forecast & technical analysis January 3, 2018 assumes an attempt to test the lower border of the channel near 0.7090 and continue growth to the level above 0.7170, an additional signal in favor of growth will be a test of the support line on the indicator of relative strength index (RSI), the abolition of the NZD/USD will become a breakthrough at the level of 0.7070.

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