Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6974. 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 0.7060 and continuation of the fall of the pair below the level of 0.6710.
NZD/USD weekly forecast June 4 — 8, 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 result in a strong growth and breakdown of the area of 0.7150, 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 4 — 8, 2018 suggests level test attempt resistance near field of 0.7060 and continue falling pair NZD/USD to below the level of 0.6710, an additional signal in favor of falling perform a test of resistance line on the relative strength index (RSI), cancellation variant of the fall of the pair will be strong growth and closing of quotes NZD/USD above the level of 0.7150.
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