Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7266. The pair continues to move within the flat trend. At the moment, we should expect a test of the support area near the level of 0.7140 and the continuation of the pair’s growth above the level of 0.7450.
NZD/USD weekly forecast April 9 — 13, 2018
In favor of NZD/USD growth, a support area test will be performed on the relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the area of 0.7000, which will indicate the breakdown of the support area and the continuation of the fall of the pair NZD/USD. Confirmation of the growth of the pair will be the breakdown of the upper limit of the «Wedge» model and the closing of quotations above the area of 0.7250.
NZD/USD weekly forecast April 9 — 13, 2018 assumes an attempt to test the support level near the area of 0.7140 and continue the growth of the NZD/USD pair to the area above the level of 0.7450, an additional signal in favor of growth will be a test of the support area on the indicator of relative strength index (RSI), the cancellation of the growth of the pair will be the drop and closing of the NZD/USD quotations below the level of 0.7000.