Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to test the area of the lower boundary of the Forex Triangle model. It is worth waiting for an attempt to rebound and continue the decline in the area below the level of 0.6850.
NZD/USD Forecast New Zealand Dollar on May 9, 2017
In favor of falling quotes NZD/USD is the test of the downward resistance line on the indicator of relative strength. The cancellation of the fall of the pair’s quotations will result in a strong growth and breakdown of the 0.70 area, which will indicate the continuation of the New Zealand Dollar’s growth in Forex.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move in the technical analysis of NZD/USD.
NZD/USD Forecast New Zealand Dollar on May 9, 2017 suggests an attempt to fall below 0.6850 within the rebound from the downward resistance line on the relative strength indicator, the breakdown of the 0.70 area will be a cancellation.
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