The currency pair New Zealand dollar against the US dollar NZD USD shows growth attempts, but we were waiting for the fall and already full of the downtrend for the pair in April, it is now the beginning of May 2016, and quotes nzd usd still cannot proceed with the development of a fall.
FOREX Forecast for the month May 2016: NZD/USD
Currently, a strong signal in favor of the drop in prices of the New Zealand dollar on the Forex in May 2016 stands the test downward trend line on the indicator of relative strength on the weekly chart the course NZD/USD, which eventually can cause a drop below the local minimum by a New Zealander, cancellation options this drop in NZD/USD quotes in May 2016 will be a strong growth above the level of 0.72 and a break of the trend line on the indicator RSI. The overall goal of the fall is the area on the level below 0.60.
Thus, FOREX Forecast for the month May 2016: NZD/USD suggests an attempt of NZDUSD fall of quotations in the rebound from the downtrend line on the indicator of relative strength on the weekly chart, a New Zealander, cancellation will become a strong growth of the pair above the 0.72 level.
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