The currency pair Australian Dollar New Zealand Dollar AUD/NZD closed the trading week at 1.0809. The pair continues to move within the upward trend and is currently testing the support area, as well as the lower boundary of the rising channel.
AUD/NZD Prediction Forex on April 17 — 21, 2017
It is expected to rebound and continue the growth of quotations AUD/NZD in the area above the level of 1.10. In favor of the growth of quotations of the pair is a tight test of the upward support line on the indicator of relative strength.
Canceling the growth option of the Australian Dollar New Zealand Dollar pair will break through the area of 1.0670 closing prices, which will indicate the breakdown of the support area and the continued decline in the pair’s quotes. Expect to accelerate the growth of the pair is with the breakdown of the area 1.0890.
AUD/NZD Prediction Forex on April 17 — 21, 2017 suggests an attempt to increase to an area above the level of 1.10 within the rebound of relative strength indicator values from the uplink support line.
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