Quotes of the New Zealand Dollar against the US Dollar NZD/USD close the trading week near the area of 0.7291. At this point, we should expect an outflow from the level of the lower border of the channel and the continuation of growth in the area above the level of 0.7550.
NZD/USD weekly forecast on September 18 — 22, 2017
Where can we expect the fall of the pair to rebound. In favor of the NZD/USD decline, a downtrend test on the relative strength indicator (RSI) will perform. Cancellation of the pair’s growth option will be a fall and breakdown of the area of 0.7010, indicating that the NZD/USD decline will continue.
Among the important news from New Zealand, which can have an impact on the New Zealand Dollar exchange rate, it is worth highlighting: GDP volume change.
NZD/USD weekly forecast on September 18 — 22, 2017 involves an attempt to test the lower border of the channel and continue to grow above the level of 0.7550, canceling the growth of the pair will break through the area of 0.7050, which indicates continuation of the decline with a target below 0.6850.
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