Quotes of the currency pair New Zealand dollar against the US dollar NZD USD finished the trading week at 0.7163. Pair remains tight upper bound test downstream channel, which indicates that an attempt to couple quotes fall area below 0.70 in the rebound from the resistance field.
NZD USD Forecast on January 23, 2017 — January 27, 2017
In favor of a bounce speaks tight test downward trend line on the indicator of relative strength, it should be noted that the indicator for the second time this test the trend line. Cancellation option will break through the resistance area and closing quotation NZD/USD above the 0.7210 level, which points to continued growth of quotations in the area above the level of 0.74.
Among the important news from New Zealand in the next trading week, which may influence the course of NZD USD, we should mention, the consumer price index 26 January 2017.
NZD USD Forecast on January 23, 2017 — January 27, 2017 suggests an attempt to rebound from the upper border of the descending channel and a drop in prices pair in the region at a level below the area of 0.70, the cancellation option will quote leaves the channel.
