Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6591. The pair continues to move within the framework of the upward correction. At the moment, we should expect a test of the resistance area near the level of 0.6715 and the continuation of the fall of the currency pair below the level of 0.6315.
NZD/USD weekly forecast & analysis September 17 — 21, 2018
In favor of reducing the currency pair NZD/USD, a downtrend test on the relative strength index (RSI) will perform. The cancellation of the variant of falling quotations on the current trading week on September 17 — 21, 2018 will be a strong growth and breakdown of the area of 0.6805, which will indicate the breakdown of the upper border of the channel and the continued growth of the NZD/USD pair. Confirmation of the pair’s decline on Forex will be the breakdown of the support area and the closing of quotations below the area of 0.6520.
Among the important news from New Zealand, which may have an impact on the New Zealand Dollar exchange rate, it is worth highlighting: GDP volume change.
NZD/USD weekly forecast & analysis September 17 — 21, 2018 involves an attempt to test the resistance level near the area of 0.6715 and the continuation of the fall of the NZD/USD pair into the area below the level of 0.6315, an additional signal in favor of the decline will be a bearish trend test on the relative strength index (RSI), the cancellation of the fall of the pair will result in strong growth and closing of the NZD/USD quotations above the level of 0.6805, in which case we should expect continued growth.
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