Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to test the broken borders of the Forex Triangle model. It is expected to rebound and fall in quotations in the area below the level of 0.6820.
NZD/USD Forecast New Zealand Dollar on May 3, 2017
In favor of the fall is the formation of lecherous forex models of the head and shoulders at small time intervals. The cancellation of the NZD/USD decline will result in a strong growth and a breakdown of the area of 0.6950, which indicates that the pair will continue to grow above 0.70.
Among the important news from New Zealand, which may have an impact on the NZD/USD rate, it is worth highlighting, Change in the number of employed, Unemployment rate.
NZD/USD Forecast New Zealand Dollar on May 3, 2017 suggests an attempt to fall into the area below the level of 0.6820 within the bounds of the rebound from the lower bound of the Forex Triangle model, with the cancellation of the 0.6950 area being canceled.
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