Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the upward correction and at the moment there are risks to see again the growth of quotations of the pair to a local maximum.
In favor of the growth of quotations of testing the lower boundary of triangle pattern on the indicator of relative strength.
Forecast NZD USD (New Zealand Dollar) on February 2, 2017
Expect an attempt NZD/USD quotes fall is only a breakdown of the rising channel’s lower border, as well as in case of breakdown of the lower limit of the model triangle on the display relative strength.
Important news from New Zealand is not expected, so the pair will continue to move in the technical analysis of the NZD/USD.
Forecast NZD USD (New Zealand Dollar) on February 2, 2017 suggests an attempt to test the resistance area and a breakdown of the bottom of the channel is expected to attempt to complete the upward correction and the beginning of fall to below 0.69.
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