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 an attempt to test the upper border of the channel near the level of 0.6960 and continue the fall below 0.6750. In favor of continuing the fall of the pair on Forex will test the resistance area on the indicator of relative strength index (RSI).
NZD/USD prediction & technical analysis October 31, 2017
The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakdown of the 0.7035 area, which will indicate the breakdown of the upper border of the channel and the continuation of growth.
Important news from New Zealand, which may have an impact on the exchange rate of the NZD/USD pair, is not expected, so the pair will continue to move in the technical analysis.
NZD/USD prediction & technical analysis October 31, 2017 suggests a correction attempt to the upper border of the channel at 0.6960, where it is expected to continue falling below 0.6750, the cancellation of the NZD/USD fall will be a strong growth and breakdown of the area of 0.7035.