Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. At the moment, we should expect an attempt to test the resistance level near the area of 0.6785 and continue falling to the area below the level of 0.6680.
NZD/USD forecast & technical analysis June 29, 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 breakdown at the level of 0.6845, which will indicate the breakdown of the resistance area and the continuation of the growth of NZD/USD quotations to the area above the level of 0.6920. To expect confirmation of the fall is with the breakdown of the support area and the closing of quotations below the level of 0.6725.
NZD/USD forecast & technical analysis June 29, 2018 suggests an attempt to test the resistance area near the level of 0.6785, from which it is expected to continue falling quotations in the area below 0.6680, an additional signal in favor of the drop will test the resistance line on the indicator of relative strength index (RSI).
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