The currency pair New Zealand dollar NZD USD ends the current week fall and is currently retained potential for falling quotes NZD/USD to below 0.70, where we should expect and test the level of support, and the test of the rising channel’s lower border.
NZD USD Forecast on February 13, 2017 — February 17, 2017
In this case, there is the potential for growth launched in the framework of working off a rising forex model 5-0. The breakdown of the level of 0.70 points to the continued decline in the area below the level of 0.69.
In favor of the continuation of the fall of the New Zealand dollar quotes appears rebound from the descending trend line on the indicator of relative strength.
Among the important events in the next trading week, 13 – 17 February 2017, which could have a strong impact on the New Zealand Dollar rate, stands out, the business activity index in the manufacturing sector from the Business NZD, as well as Retail Sales, February 17, 2017.
NZD USD Forecast on February 13, 2017 — February 17, 2017 suggests an attempt to continue falling in the area below the rising forex border model 5-0 near the level of 0.70, the breakdown of which points to the continued decline in the area below the level of 0.69.
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