Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move within the development of a downward trend and at the moment it is expected to continue falling to the area below the level of 0.6750.
Analysis and NZD/USD FOREX Forecast on April 28, 2017
In favor of the fall, a dense test of the upper boundary of the descending channel will perform, as well as a test of the trend line on the indicator of relative strength. By canceling the variant of the fall in the quotations of the New Zealand Dollar pair, there will be a breakdown of the area of 0.6955, which indicates that the pair will continue to grow above 0.7030.
Among the important news from New Zealand that can influence the NZD/USD rate, it is worth highlighting, the balance of the foreign trade balance, the indicator of confidence in the business environment from ANZ.
Analysis and NZD/USD FOREX Forecast on April 28, 2017 involves an attempt to test the upper boundary of the downward channel and continue falling to the area below the level of 0.6750 within the rebound from the resistance line on the indicator of relative strength.
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