Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move in the fall. At this point, we should expect the continuation of the decline in 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.
Forex forecast & analysis NZD/USD on September 14, 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 forex quotation will result in a strong growth and breakdown of the 0.7350 area, which indicates 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 14, 2017 suggests an attempt to fall below 0.7120 within the framework of working out the reversal model on the relative strength indicator (RSI), the breakdown of the 0.7350 area will break, in this case it is expected to continue the pair’s growth above the level of 0.7450.