The currency pair New Zealand Dollar NZD/USD is trading at 0.7205. The pair is testing the upper limit of Bollinger Bands indicator strips, which implies an attempt to rebound and fall of quotations in the area below the level of 0.7115.
Bollinger Bands NZD/USD forecast for February 24, 2017
Cancellation option of lowering the pair NZD/USD will break-down area of 0.7250 closing prices, that will indicate a potential change of the trend in favor of growth. With the breakdown of the lower boundary of the Bollinger Bands indicator strips at 0.7120 we should expect confirmation of a downward trend and the accelerating drop in prices pair.
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