Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the downward trend. At the moment, the pair quotes are traded within the triangle model, with which a breakdown is expected to accelerate the fall to below 0.68. Cancellation option of falling New Zealand dollar quotations will be strong growth and the breakdown of 0.6940 area, which indicates an continued growth of quotations and the potential development of a strong bullish correction the pair.
NZD USD Forecast New Zealand Dollar on December 23, 2016
We continue to hold a pair of aggressive sales and try new short positions with decreasing development. Important news from New Zealand tomorrow is not expected, so the pair will continue to move in the technical analysis of the NZD / USD.
NZD USD Forecast New Zealand Dollar on December 23, 2016 involves an attempt to fall within the mining model fast Triangle with the potential to reduce the level below 0.68 area.
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