Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. At the moment, we should expect a test of the level of 0.7135 and continuation of growth in the area above the level of 0.7250.
NZD/USD prediction & technical analysis on October 17, 2017
In favor of reducing the pair on Forex is the resistance area on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the New Zealand Dollar on Forex will be the breakdown of the area of 0.7080, which will indicate the continuation of the pair’s decline.
Among the important news from New Zealand, which may affect the exchange rate of the pair NZD/USD, it is worth highlighting: the Consumer Price Index.
NZD/USD prediction & technical analysis on October 17, 2017 suggests a test of 0.7135 level and the continuation of the growth of quotations above 0.7250, the cancellation of the growth option will be the breakdown of the area of 0.7080, which will indicate the continued decline of the pair.
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