NZD/USD weekly forecast May 14 — 18, 2018


Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of ​​0.6973. The pair continues to move in a bearish trend. At the moment, we should expect a test of the resistance area near the level of 0.7150 and continuation of the fall of the pair below the level of 0.6650.

NZD/USD weekly forecast May 14 — 18, 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 be a strong and breakdown of the area of ​​0.7250, which will indicate the breakdown of the upper border of the channel and the continuation of the 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 ​​0.6850.

NZD/USD weekly forecast May 14 — 18, 2018

NZD/USD weekly forecast May 14 — 18, 2018 involves an attempt to test the resistance level near the area of ​​0.7150 and continuation of the fall of the NZD/USD pair into the area below the level of 0.6650, an additional signal in favor of the fall will be a resistance line test on the relative strength index (RSI), the cancellation of the fall of the pair will result in strong growth and closing of the NZD/USD quotations above the level of 0.7250.


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