Quotes of the currency pair New Zealand dollar against the US dollar NZD USD finished the trading week down near 0.6960 area. At this point the potential is retained for further pair of quotes fall within the beginning of the descending model FX 1:1 in order to fall below 0.67 area. In favor of the quotations falling variant NZD USD dense stands the test descending resistance line on the indicator of relative strength.
NZD USD Forecast on January 9, 2017 — January 13, 2017
But do not rule out an attempt to test the upper boundary of the descending channel, and only then continued falling. Cancellation option of the New Zealand dollar will fall in quotations sample area 0.71 and the closing quotations of the descending channel that will point to a continuation of upward correction for the pair in the area above the level of 0.73.
Among the important news from New Zealand in the next trading week, which may influence the course of NZD USD, is to provide, commodity price index from ANZ January 12, 2017, but on the basis of a small number of news, the currency pair will continue to move in the technical analysis of NZD USD.
NZD USD Forecast on January 9, 2017 — January 13, 2017 suggests an attempt to fall within the framework of the descending forex 1:1 model with the potential to reduce the level below the 0.67 area, the abolition of the camp of the sample area 0.71.
