Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the rising channel. An attempt is expected to test the upper border of the channel at the level of 0.7360, where again we should expect an attempt to drop the quotations below the level of 0.7270.
NZD/USD forecast & technical analysis on July 18, 2017
In favor of falling NZD/USD quotes, a dense trend-descending line test will be performed on the indicator of relative strength index (RSI). The cancellation of the variant of falling quotations will be a strong growth and breakdown at the level of 0.7405, which will indicate the continued growth of the pair.
Among the important news from New Zealand, which can have a strong impact on the New Zealand Dollar exchange rate, it is worth highlighting: the consumer price index, the change in the global price index for dairy products.
NZD/USD forecast & technical analysis on July 18, 2017 involves trying to test the upper boundary of the channel and continuing the decline in the area below the level of 0.7270, an additional signal will perform a tight test of the trend line on the indicator of relative strength.
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