Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the formation of the «Head and Shoulders» reversal pattern. It is expected to rebound quotes from the support level and rise to the area above the level of 0.7330, where again we should expect the beginning of the fall in the area below 0.6990.
NZD/USD forecast & technical analysis on August 25, 2017
In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI). Expect to accelerate the fall in quotes NZD/USD is with a breakdown of the level of 0.7190.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move in the technical analysis NZD/USD.
NZD/USD forecast & technical analysis on August 25, 2017 suggests a rebound attempt from the level of support and continuation of the decline in the area below the level of 0.6990, an additional signal will be a test of the resistance line on the indicator of relative strength index (RSI).
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