Quotations of the New Zealand Dollar against the US Dollar NZD/USD continue to test the area of 0.7430. It is worth waiting for an attempt to test the lower border of the channel and continue the growth of the pair above the level of 0.75.
NZD/USD technical analysis & forecast on July 27, 2017
In favor of the growth of quotations NZD/USD is the test of the trend line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a drop and breakdown at the level of 0.7350, which will indicate the continuation of the decline.
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 technical analysis & forecast on July 27, 2017 suggests an attempt to increase to an area above the 0.75 level within the rebound from the lower border of the bullish channel, with a breakdown at the level of 0.7350.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link