Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the descending channel. At the moment, we should expect a test of the level of 0.7235 and continuation of the fall in the area below the level of 0.7040.
NZD/USD prediction & technical analysis on October 19, 2017
In favor of reducing the pair at Forex, a resistance area test will be performed on the indicator of relative strength (RSI). Canceling the option to reduce the quotes of the New Zealand Dollar to Forex will be a breakdown of the area of 0.7260, indicating that the pair continues to grow.
NZD/USD prediction & technical analysis on October 19, 2017 presupposes an attempt to test the upper border of the channel and continue falling of quotations below 0.7040, the abolition of the decline option will be the breakdown of the area of 0.7260, which will indicate the continued growth of the pair.
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