Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7232. The pair continues to move within the side trend. At the moment, we should expect a test of the resistance area near the level of 0.7400 and continuation of the fall of the pair below the level of 0.6950.
NZD/USD weekly forecast April 23 — 27, 2018
In favor of the fall of NZD/USD, a resistance line test will be performed on the relative strength index (RSI). Cancellation of the fall option will be a strong and breakdown of the area of 0.7550, which will indicate the breakdown of the upper border of the channel and the continued growth of the pair NZD/USD. Confirmation of the fall of the pair will be a breakdown of the level of the lower boundary of the «Triangle» model and the closing of quotations below the area of 0.7140.
NZD/USD weekly forecast April 23 — 27, 2018 involves an attempt to test the resistance level near the area of 0.7400 and continue the fall of the NZD/USD pair into the area below the level of 0.6950, an additional signal in favor of the drop will be a resistance line test on the relative strength index (RSI), the cancellation of the pair’s growth option will result in strong growth and closing of the NZD/USD quotations above the level of 0.7550.
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