Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7236. The pair continues to move within the flat trend. At the moment, we should expect a test of the resistance area near the level of 0.7350 and the continuation of the fall of the pair below the level of 0.6950.
NZD/USD weekly forecast on March 26 — 30, 2018
In favor of the fall of NZD/USD, a trend line test will be performed on the indicator of relative strength index (RSI). Cancellation of the fall option will be a strong growth and breakdown of the area of 0.7550, which will indicate the breakdown of the upper boundary of the bearish channel and the continued growth of the pair NZD/USD. Confirmation of the fall of the pair will be the breakdown of the support area and the closing of quotes below the area of 0.7120.
NZD/USD weekly forecast on March 26 — 30, 2018 assumes an attempt to test the resistance level near the area of 0.7350 and continue the fall of the NZD/USD pair into the area below the level of 0.6950, an additional signal in favor of the fall will be a trend line test on the relative strength index (RSI), canceling the fall of the pair will be strong growth and closing above the level of 0.7550.
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