Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the limits of the decline. At this point, we should expect an attempt to test the resistance level near the area of 0.6950 and continue falling to the area below the level of 0.6745.
NZD/USD forecast & technical analysis June 20, 2018
In favor of the fall of NZD/USD, a resistance line test will be performed on the relative strength index (RSI). The cancellation of the New Zealand Dollar quotation will result in a strong growth and a breakdown at the level of 0.7020, which will indicate the breakdown of the upper border of the channel and the continuation of the NZD/USD quotations rise above 0.7150. To expect confirmation of the fall is with the breakdown of the support area and the closing of quotations below the level of 0.6840.
NZD/USD forecast & technical analysis June 20, 2018 suggests an attempt to test the resistance area near the level of 0.6950, from which it is expected to continue falling quotations in the area below the level of 0.6745, an additional signal in favor of the fall will test the resistance line on the indicator of relative strength index (RSI), the option of reducing the NZD/USD pair will be strong growth and breakdown at the level of 0.7020, in which case it is necessary to expect the pair to continue growing.
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