Quotes of the New Zealand Dollar against the US Dollar NZD/USD close the trading week near the area of 0.7240. At the moment, we should expect an attempt to continue growth in the area above the level of 0.7360. Whence again we should expect a rebound and a drop in NZD/USD quotations with a potential target below the area of 0.6990.
NZD USD weekly forecast on August 28 — September 1, 2017
In favor of the fall of the pair NZD/USD will perform a test of a broken trend line on the indicator of relative strength index (RSI). The reversal of the fall of the pair will be a strong growth and breakdown of the area of 0.76, which will indicate the continued growth of NZD/USD and the cancellation of the «Head and Shoulders» reversal model.
Important news from New Zealand, which may have an impact on the New Zealand Dollar exchange rate, is not expected, so the pair will continue to move in the technical analysis NZD/USD.
NZD USD weekly forecast on August 28 — September 1, 2017 involves a test of the level of 0.7350, where again we can expect the pair to continue falling as part of the development of the «Head and Shoulders» reversal model, the acceleration of the decline is expected to be with the breakdown of the level of 0.72, 0.76.
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