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 a test of the resistance area near the level of 0.7330 and continuation of the fall in the area below the level of 0.7030. In favor of the fall of NZD/USD, a resistance line test will be performed on the relative strength index (RSI).
NZD/USD forecast & technical analysis March 7, 2018
The cancellation of the New Zealand Dollar quotation will result in a strong growth and breakout of 0.7375 area, 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 0.7175.
NZD/USD forecast & technical analysis March 7, 2018 suggests an attempt to test the resistance area near the level of 0.7330, from which it is expected to continue falling quotations in the area below the level of 0.7030, an additional signal in favor of the fall will test the resistance line on the indicator of relative strength index (RSI).
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