Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. At the moment, we should expect a test of the level of 0.6920 and continuation of the fall into the area below the level of 0.6650.
NZD/USD prediction & technical analysis on November 29, 2017
In favor of the fall of the pair NZD/USD, a resistance line test will be performed on the indicator of relative strength index (RSI). The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakout of the area of 0.6970, which will indicate the continued growth of NZD/USD.
NZD/USD prediction & technical analysis on November 29, 2017 presupposes an attempt to test the upper border of the channel and continue the fall with a target below 0.6650, the cancellation of the NZD/USD decline option will be a breakdown at the level of 0.6970.
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