NZD USD Forecast New Zealand Dollar on December 1, 2016


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Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued development of growth, however, such a correction is not yet able to deploy a couple up. Once again, we are trying to increase sales volume within the test indicator of the relative strength of the downward trend line, suggesting an attempt to fall to below 0.7050.

NZD USD Forecast New Zealand Dollar on December 1, 2016

NZD USD Forecast New Zealand Dollar on December 1, 2016

Cancellation option will be the continuation of the growth and the breakdown of 0.7180 area, which point to continued growth with a potential test of the upper boundary of the descending channel. Even on the level of 0.7270 we should expect a new attempt to fall within the descending forex model 5-0. Important news from New Zealand tomorrow is not expected, so the pair will continue to move in the technical analysis of the currency pair NZD / USD.

NZD USD Forecast New Zealand Dollar on December 1, 2016 suggests an attempt to drop a pair of quotes, in the rebound relative strength indicator values from the descending resistance line.

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