Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7084. The pair continues to move in a bearish trend. At the moment, we should expect a test of the resistance area near the level of 0.7150 and continuation of the fall of the pair below the level of 0.6850.
NZD/USD weekly forecast April 30 — May 4, 2018
In favor of the fall of NZD/USD, a resistance line test will be performed on the relative strength index (RSI). The cancellation of the fall variant will be a strong and breakdown of the area of 0.7270, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of the NZD/USD pair. Confirmation of the fall of the pair will be a breakdown of the support level and the closing of quotations below the area of 0.6950.
NZD/USD weekly forecast April 30 — May 4, 2018 involves an attempt to test the resistance level near the area of 0.7150 and continue the fall of the NZD/USD pair into the area below the level of 0.6850, an additional signal in favor of the drop will be a resistance line test on the relative strength index (RSI), the cancellation of the growth of the pair will be strong growth and closing of quotes NZD/USD above the level of 0.7150.
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