SELL NZD/USD forecast & technical analysis February 13, 2018

13 February 2018, 06:19
Jatin Patel
0
30

SIGNAL:SELL

Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. At this point, we should expect an attempt to test the resistance level near the area of ​​0.7280 and continue falling to the area below the level of 0.7120. In favor of the fall of the pair NZD/USD, a resistance line test will be performed on the indicator of relative strength index (RSI).

NZD/USD forecast & technical analysis February 13, 2018

The cancellation of the New Zealand Dollar quotation will result in a strong growth and breakout of the area of ​​0.7330, which will indicate the breakdown of the upper border of the channel and the continuation of the growth of NZD/USD quotes. To expect confirmation of the fall of the pair is with the breakdown of the support area and the closing of quotations below the level of 0.7180.

NZD/USD forecast & technical analysis February 13, 2018 suggests an attempt to test the resistance level near the area of ​​0.7280, where it is expected to continue falling of quotations in the area below the level of 0.7120, an additional signal in favor of the fall will be a test of the resistance line on the indicator of relative strength index (RSI), the NZD/USD pair’s fall will be a strong growth and breakdown at the level of 0.7330.

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