Currency pair New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7440. The pair was able to break the upper boundary of the bearish channel. It is worth waiting for an attempt to test the broken channel border and continue the growth of the pair above 0.7650.
NZD/USD weekly forecast on July 24 — 28, 2017
In favor of the growth of quotations of the pair NZD/USD, there will be a tight test of the support line on the indicator of relative strength index (RSI). Cancellation of the growth option will be a fall and breakdown of the level of 0.72, which will indicate the continued decline in the pair.
Important news from New Zealand, which may have an impact on the New Zealand Dollar against the US Dollar, is not expected, so the pair will continue to move in the technical analysis of NZD/USD.
NZD/USD weekly forecast on July 24 — 28, 2017 suggests an attempt at correction to the area of the broken channel border, where again we should expect a rebound and continued growth of the pair with a target above 0.760.
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