Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6893. The pair continues to move in a bearish trend. At this point, we should expect an attempt to test the lower bound of the «Triangle» model near the level of 0.6830 and start the pair’s growth above the level of 0.7100.
NZD/USD weekly forecast June 25 — 29, 2018
In favor of NZD/USD growth, the «Head and Shoulders» reversal model will appear on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the area of 0.6750, which will indicate the breakdown of the lower boundary of the «Triangle» model and the continued reduction of the NZD/USD. Confirmation of the growth of the pair will be a breakdown of the upper boundary of the bearish channel and the closing of quotations above the area of 0.7000.
NZD/USD weekly forecast June 25 — 29, 2018 assumes an attempt to test the support level near the area of 0.6830 and continue the growth of the NZD/USD pair to the area above the level of 0.7100, an additional signal in favor of growth will be the formation of a reversal model on the indicator of relative strength index (RSI).
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