Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6909. The pair continues to move within the framework of the bullish correction. At the moment, we should expect an attempt to test the upper border of the channel and continue falling below the level of 0.6680.
NZD/USD weekly forecast on November 6 — 10, 2017
In favor of the fall of NZD/USD, a trend line test will be performed on the relative strength indicator (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.
Among the important news from New Zealand, which may have an impact on the New Zealand Dollar exchange rate, it is worth highlighting: The decision of the Reserve Bank of New Zealand at the basic interest rate on November 8, 2017.
NZD/USD weekly forecast on November 6 — 10, 2017 involves an attempt to test the upper border of the channel and continue the fall of the pair with a target close to 0.6680, an additional signal in favor of the decline will be a test of the trend line on the indicator of relative strength index (RSI).
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