Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to repel from the broken border of the Forex Triangle model. It is expected to continue the decline in the area below the level of 0.6750.
Technical analysis and NZD/USD forecast on May 10, 2017
In favor of the drop in NZD/USD quotes, there is a rebound from the descending line of the trend on the indicator of relative strength. Canceling the option of reducing the pair will be a strong growth and breakdown of the area of 0.6950, which will indicate the continuation of the development of an upward correction for the pair.
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.
Technical analysis and NZD/USD forecast on May 10, 2017 suggests an attempt to continue the decline in the area below the level of 0.0.6750 within the rebound from the resistance area, the cancellation will be the breakdown of the area of 0.6950.
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