Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. At this point, we should expect an attempt to test the upper boundary of the channel near the level of 0.6905 and continue falling with a target below 0.6690.
NZD/USD prediction & technical analysis on November 9, 2017
In favor of continuing the fall of the pair on Forex will test the resistance area on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakdown of the area of 0.7035, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of NZD/USD.
NZD/USD prediction & technical analysis on November 9, 2017 suggests an attempt to test the upper border of the channel at the level of 0.6905, where it is expected to continue falling with the target below 0.6690, the cancellation of the NZD/USD fall will be a strong growth and breakdown of the area of 0.7035.