Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the rising channel. At this point, we should expect a rebound and the growth of quotations in the area above the level of 0.7560.
NZD/USD forecast & technical analysis on August 4, 2017
In favor of the growth of quotations of the pair NZD/USD is the test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the area of 0.7320, which will indicate the continuation of the New Zealand Dollar’s fall to Forex.
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 of NZD/USD.
NZD/USD forecast & technical analysis on August 4, 2017 suggests an attempt to increase to an area above 0.7560, an additional signal is a trend line test on the relative strength indicator, the cancellation will fall below the level of 0.73200.
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