Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth and bullish channel. At the time of publication of the forecast, the New Zealand Dollar rate to the US Dollar is 0.6782. At the moment, we should expect an attempt to test the support level near the area of 0.6825 and continue growth in the area above the level of 0.6920.
NZD/USD forecast & technical analysis July 10, 2018
In favor of the growth of NZD/USD, an uptrend test on the relative strength index (RSI) will perform. Cancellation of the variant of growth of quotations of the New Zealand Dollar to Forex will be a drop and breakdown at the level of 0.6800, which will indicate the breakdown of the support area and the continuation of the drop in NZD/USD quotations to the area below the level of 0.6740. 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 0.6875.
NZD/USD forecast & technical analysis July 10, 2018 suggests an attempt to test the support area near the level of 0.6825, where it is expected to continue the growth of quotations in the area above 0.6920, an additional signal in favor of growth will test the support line on the indicator of relative strength index (RSI).
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