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 the fall of quotations in the area below the level of 0.7120. In favor of reducing the pair is the formation of the reversal model of the «Head and Shoulders» on the indicator of relative strength index (RSI).
Forex forecast & analysis NZD/USD on September 13, 2017
Expect to accelerate the fall in quotes 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 13, 2017 suggests an attempt to fall below 0.7120 in the framework of the development of the reversal model on the indicator of relative strength index (RSI), the breakdown of the breakdown of the area will be 0.7350.