Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6695. The pair continues to move within the framework of the bullish correction. At the moment, we should expect a test of the support area near the level of 0.6575 and the continuation of the growth of the currency pair above the level of 0.6845.
NZD/USD weekly forecast & analysis September 24 — 28, 2018
In favor of the growth of the currency pair NZD/USD, a test of the broken trend line will appear on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations in the current trading week September 24 — 28, 2018 will be a decrease and breakdown of the area of 0.6475, which will indicate the breakdown of the support area and continuation of the fall of the pair NZD/USD. Confirmation of the growth of the currency pair on Forex will break through the upper border of the channel and the closing of quotes above the area of 0.6730.
Among the important news from New Zealand, which may have an impact on the New Zealand Dollar exchange rate, it is worth highlighting: New Zealand’s Reserve Bank’s decision on the basic interest rate, the Covering Statement, the Press Conference.
NZD/USD weekly forecast & analysis September 24 — 28, 2018 assumes an attempt to test the support level near the area of 0.6575 and continue the growth of the NZD/USD pair to an area above 0.6575, an additional signal in favor of growth will be a down trend line test on the relative strength index (RSI), the cancellation of the growth of the pair will be the fall and the closing of the quotes NZD/USD below the level of 0.6475, in this case it is necessary to expect the continuation of the fall.
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