Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the dense test resistance area, where we should expect a rebound attempt and fall couples in the area below the level of 0.7070.
Forecast exchange rate NZD USD FOREX on January 19, 2017
Cancellation option of falling quotations NZD USD will be strong growth and the breakdown region of the upper boundary of the descending channel, which points to continued growth in the New Zealand dollar quotations in the area above the level of 0.74.
Expect accelerating drop in prices pair is a breakdown of the rising channel’s lower border. Among the important news from New Zealand that could affect the course of the currency pair NZD/USD is to provide, the business activity index in the manufacturing sector from Buziness NZ, the past value of the index was at 54.4.
Forecast exchange rate NZD USD FOREX on January 19, 2017 suggests an attempt to fall in the rebound from the resistance area with the immediate goal to below 0.7070 area.
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