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 a test of the resistance area near the level of 0.7225 and continuation of the fall in the area below the level of 0.7150.
NZD/USD forecast & technical analysis March 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 forex quotation will result in a strong growth and breakout of the area of 0.7250, which will indicate the breakdown of the resistance area and the continuation of the NZD/USD quotes growth. To expect confirmation of the fall of the pair is with the breakdown of the support area and the closing of quotations below the level of 0.7190.
NZD/USD forecast & technical analysis March 20, 2018 suggest an attempt of the resistance area test near the level of 0.7225, from which it is expected to continue falling of quotations in the area below the level of 0.7150, an additional signal in favor of the drop will be a test of the resistance line on the indicator of relative strength index (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
