Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6754. The pair continues to move in a bearish trend. At this point, we should expect an attempt to test the lower limit of the «Triangle» model near the level of 0.6830 and continue falling below the level of 0.6500.
NZD/USD weekly forecast July 2 — 6, 2018
In favor of reducing the currency pair NZD/USD, a downtrend test on the relative strength index (RSI) will perform. Cancellation of the fall option will be a strong growth and breakdown of the area of 0.6900, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continued growth of the NZD/USD pair. Confirmation of the pair’s decline will be the breakdown of the support area and the closing of quotations below the area of 0.6670.
NZD/USD weekly forecast July 2 — 6, 2018 involves an attempt to test the resistance level near the area of 0.6830 and the continuation of the fall of the NZD/USD pair into the area below the level of 0.6500, an additional signal in favor of the decline will be a downtrend line test on the relative strength index (RSI), the cancellation of the fall of the pair will be strong growth and closing of the quotes NZD/USD above the level of 0.6900.
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