Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6889. The pair continues to move within the framework of a bearish correction. At the moment, we should expect a test of the support level near 0.6830 and the pair’s growth above the level of 0.7070 within the beginning of the development of the «Head and Shoulders» reversal model.
NZD/USD weekly forecast on on December 4 — 8, 2017
In favor of the growth of NZD/USD is the breakdown of the resistance line on the indicator of relative strength index (RSI). Cancellation of the growth option will be the fall and breakdown of the area of 0.6750, which will indicate the continued reduction of the pair NZD/USD.
NZD/USD weekly forecast on on December 4 — 8, 2017 involves an attempt to test the level of 0.6830 and the growth of the NZD/USD pair into the area above 0.7070, an additional signal in favor of growth is the breakdown of the trend line on the relative strength index (RSI).
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