Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the upward correction, at the moment conserved capacity to complete the movement and the beginning of fall. In favor of reducing dense stands the test downward trend line on the indicator of relative strength.
NZD USD Forecast on February 8, 2017
Cancellation option of reduction of quotations may be the pair above the 0.7370 level, which indicates continued growth in an area above the level of 0.7450.
Among the important news in Forex, which may affect the course of a pair of New Zealand dollar is to provide, decision of the Reserve Bank of New Zealand interest rate, as well as the subsequent accompanying statement of the Bank of New Zealand, we should expect a strong increase in volatility at the time of publication of news data.
NZD USD Forecast on February 8, 2017 suggests an attempt to fall in the rebound from the resistance line on the indicator of relative strength, as well as by forming a reversal pattern Forex Head and Shoulders on shorter periods of time.
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