Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7009. The pair continues to move in a bearish trend. At this point, we should expect a test of the resistance area test near the level of 0.7070 and continuation of the fall of the pair below the level of 0.6710.
NZD/USD weekly forecast June 11 — 15, 2018
In favor of the fall of NZD/USD, a resistance line test will be performed on the relative strength index (RSI), as well as a test of the upper boundary of the bearish channel. The cancellation of the fall option will result in a strong growth and breakdown of the area of 0.7170, which will indicate the breakdown of the upper border of the channel and the continued growth of the NZD/USD pair. Confirmation of the fall of the pair will be the breakdown of the lower boundary of the «Triangle» model and the closing of quotations below the area of 0.6800.
NZD/USD weekly forecast June 11 — 15, 2018 involves an attempt to test the resistance level near the area of 0.7070 and continue the fall of the NZD/USD pair into the area below the level of 0.6710, an additional signal in favor of the drop will be a test of the resistance line on the indicator of relative strength index (RSI), the variant of the fall of the pair will be strong growth and closing of the quotes NZD/USD above the level of 0.7170.
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