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).