The currency pair New Zealand Dollar to US Dollar NZD/USD is trading at 0.6943. The pair continues to trade below the moving average with a period of 55, indicating a bearish trend for the pair New Zealand Dollar. At the moment, the pair’s quotes are moving near the middle border of the Bollinger Bands indicator bars. It is expected to test the middle border of the Bollinger Bands indicator strip, from which it is expected to try to continue the decline with the first target near the level of 0.6890.
Bollinger Bands NZD/USD forecast April 12, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 0.6980. The abolition of the continuation of the fall of the NZD/USD pair will be the breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the 0.7000 area, indicating a change in the trend in favor of the bullish pair of the New Zealand Dollar. In the event of a breakdown of the lower boundary of the indicator bars, we expect to accelerate the fall of the pair into the area below the level of 0.6890.
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