Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to test the support area at the level of 0.7420. It is expected to rebound from the lower border of the channel and continue the growth of the pair above the level of 0.7550.
NZD/USD forecast & technical analysis on August 3, 2017
In favor of the growth of quotations NZD/USD will perform a 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 0.7340, which will indicate the continuation of the decline.
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 3, 2017, suggests an attempt to rise to an area above 0.7550 in rebound cancers from the lower border of the channel, with a breakout of 0.7340 area, in which case it is expected to continue reducing the pair.
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