The currency pair New Zealand dollar to US dollar NZD/USD is trading at 0.6970. The pair is trading below the moving average with a period of 55, indicating a bearish trend for the New Zealand dollar dollar. At the moment, quotes of the pair test the average border of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to continue the decline with the first goal near the level of 0.6900.
Bollinger Bands NZD/USD Forecast on April 7, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 0.7000. 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 0.7030 area, which will indicate 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 0.6900.
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