Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move in the fall. At the moment, we should expect a test of the level of 0.7340, where again we should expect the continuation of the fall with a potential target near 0.7090.
Forex forecast & analysis NZD/USD on September 12, 2017
In favor of reducing the pair is the formation of the reversal model of the «Head and Shoulders» on the indicator of relative strength. Expect to accelerate the growth of quotations NZD/USD is with a breakdown of the level of 0.7210. The cancellation of the New Zealand Dollar quotation will result in a strong growth and breakdown at the level of 0.7350, indicating that the growth will continue above the 0.7450 area.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move within the technical analysis NZD/USD.
Forex forecast & analysis NZD/USD on September 12, 2017 suggests an attempt to fall below 0.7090 as part of the development of the reversal model on the relative strength indicator (RSI), the breakdown of the 0.7350 area will break.
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