Currency pair New Zealand Dollar to US Dollar NZD/USD continue to develop an upward correction. The pair was able to break the upper boundary of the bearish channel, but at the moment the quotes are testing the resistance area again.
NZD USD forecast & analysis on May 24, 2017
It is worth waiting for an attempt to fall into the region of the broken channel at the level of 0.6990, where again the pair can show a rebound. Canceling the option of lowering the quotes NZD/USD will break through the area of 0.7070, indicating that the pair continues to grow.
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.
NZD USD forecast & analysis on May 24, 2017 suggests an attempt to rebound from the area of resistance and fall to the level of the broken channel border, the elimination of the option will be the breakdown of the area 0.7070, which will indicate the continued growth of the pair’s quotes.
