Quotes of the New Zealand Dollar against the US Dollar NZD/USD close the trading week near the area of 0.74. At the moment, we should expect an attempt to fall to the lower border of the channel at the level of 0.7350 and further continue the growth above the level of 0.75.
NZD/USD weekly forecast on August 7 — 11, 2017
In favor of the growth of the pair NZD/USD, a support line test will be performed on the indicator of relative strength index (RSI). By canceling the growth option, the fall in the breakdown of the area is 0.73, which will indicate a continued decline in the support area at 0.71.
Among the important news from New Zealand in the next trading week that can influence the NZD/USD rate is: The New Zealand Reserve Bank’s decision on the interest rate on August 10, 2017, it is expected that the rate will remain at the level of 1.75%.
NZD/USD weekly forecast on August 7 — 11, 2017 suggests a rebound from the lower boundary of the channel with the goal of growth at the level of 0.75, where again we should expect the pair to continue falling.
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