Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6794. The pair continues to move in the fall. At the moment, we should expect a test of the support level near 0.6750 and the pair’s growth above the level of 0.6950.
NZD/USD weekly forecast on November 20 — 24, 2017
In favor of the growth of NZD/USD is the formation of the reversal model «Head and Shoulders» on the indicator of relative strength index (RSI). The cancellation of the growth option will be the fall and breakdown of the area 0.6680, which will be indicated by the continuation of the fall of the NZD/USD pair.
NZD/USD weekly forecast on November 20 — 24, 2017 involves an attempt to test the support level and the growth of the NZD/USD pair into the area above 0.6950, an additional signal in favor of growth is the formation of a reversal model on the indicator of relative strength index (RSI).