Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6929. The pair continues to move within the framework of the bullish correction. At this point, we should expect a test of the resistance area near 0.6980 and the continuation of the fall below the level of 0.6570.
NZD/USD weekly forecast on November 13 — 17, 2017
In favor of the fall of NZD/USD, a trend line test will be performed on the indicator of relative strength index (RSI). The cancellation of the fall option will result in a strong growth and breakdown of the 0.7050 area, which will also be indicated by the continued growth of the NZD/USD pair.
NZD/USD weekly forecast on November 13 — 17, 2017 involves an attempt to test the resistance level and continue the fall of the NZD/USD pair with a target below 0.6570, an additional signal in favor of the decline is the trendline test on the relative strength indicator (RSI).
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
