Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.6960. The pair continues to move within the framework of the bullish model of the Wolfe wave. At the moment, we should expect a rebound and a rise in quotations to the area above 0.7200.
NZD/USD weekly forecast on October 23 — 27, 2017
In favor of the growth of NZD/USD is the test of the lower border of the channel, as well as the test of the support area on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the area of 0.6850, which will indicate the outflow of quotes beyond the lower border of the channel and the continued reduction of the pair NZD/USD.
NZD/USD weekly forecast on October 23 — 27, 2017 involves an attempt to rebound and continue the growth of the pair with a potential target near 0.72, a strong signal in favor of growth will be a breakdown of the trend line on the indicator of relative strength index (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
