NZD/USD weekly forecast on March 12 — 16, 2018


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

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.


Join our Telegram Channel


Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link

Post Comment