Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the downward FX 1:1 model with the potential aim of improving on the level below 0.68 areas. Currently the pair failed to develop in the framework of reducing mining forex reversal patterns.
Forex Forecast and Analysis NZD USD on January 25, 2017
In favor of the fall still stands the test downward trend line on the indicator of relative strength. Cancellation option will make reducing the breakdown of 0.7270 areas, which indicates an continued growth of quotations.
Is expected to accelerate the fall of quotes NZD/USD is a breakdown of the rising channel’s lower border. Important news from New Zealand tomorrow is not expected, so the pair will continue to move in the technical analysis of the NZD/USD.
Forex Forecast and Analysis NZD USD on January 25, 2017 suggests an attempt to fall within the beginning of the descending forex model 1: 1 with a view to a potential fall in the level below 0.68 area.
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