Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bullish channel. It is worth expecting a tight test of the support area at 0.7360 and the continuation of the pair’s growth above the level of 0.7550.
NZD/USD forecast & technical analysis on August 8, 2017
In favor of the growth of quotations NZD/USD will test the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the area of 0.7270, which will indicate the continuation of the fall of the pair.
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 8, 2017 suggests an attempt to test the lower border of the channel and continue the growth of the pair above the level of 0.7550, an additional signal is the trendline test on the relative strength indicator (RSI).
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