Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the descending channel. At this point, we should expect an attempt to test the upper border of the channel near 0.6920 and continue falling into the area below the level of 0.6750.
NZD/USD prediction & technical analysis on November 30, 2017
In favor of the fall of the pair NZD/USD, a resistance line test will be performed on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar quotation will result in a strong growth and breakout of the area of 0.6970, which will indicate the continued growth of NZD/USD.
NZD/USD prediction & technical analysis on November 30, 2017 presupposes an attempt to test the upper border of the channel and continue falling with a target below 0.6750, the cancellation of the NZD/USD decline option will be a breakdown at the level of 0.6970.
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