Quotes of the New Zealand Dollar to US Dollar NZD/USD complete the trading week near the 0.6747 area. The pair continues to move in growth. At the moment, we should expect an attempt to test the support area near the level of 0.6650. Then continued growth of the currency pair with a potential target above the level of 0.7070.
NZD/USD weekly forecast & analysis November 12 — 16, 2018
The test of the trend line on the relative strength index (RSI) will be in favor of the growth of the NZD/USD currency pair. As well as a rebound from the upper boundary of the descending channel. Cancellation of the growth of quotations in the current trading week November 12 — 16, 2018 will be the fall and the breakdown of the area of 0.6520. This will indicate a breakdown of the support area and a continued decline in the NZD/USD pair. Confirmation of the growth of the currency pair at Forex will be the breakdown of the resistance area and the closing of quotes above the 0.6860 area.
NZD/USD weekly forecast & analysis November 12 — 16, 2018 implies an attempt to test the support level near the 0.6650 area. Further, the continuation of the growth of the pair NZD/USD to the area above the level of 0.7070. An additional signal in favor of growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth of the pair will be the fall and closing of the NZD/USD quotes below the level of 0.6520. In this case, we can expect a continuation of the fall.
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