Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7293. The pair continues to move within the framework of the formation of the «Triangle» model. At the moment, we should expect a test of the support area near the level of 0.7250 and the continued growth of the pair above the level of 0.7500.
NZD/USD weekly forecast on March 12 — 16, 2018
In favor of the growth of NZD/USD, a trend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the growth option will be the fall and breakdown of the area of 0.7150, which will indicate the breakdown of the support area and the continuation of the fall of the pair 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 quotes above the area of 0.7550.
NZD/USD weekly forecast on March 12 — 16, 2018 assumes an attempt to test the support level near the area of 0.7250 and continue the growth of the NZD/USD pair to the area above the level of 0.7500, an additional signal in favor of growth will be a trend line test on the relative strength index (RSI), the cancellation of the growth option of the pair will be a drop and a closing below the level of 0.7150.
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