Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued tight test resistance area at 0.7130. At the moment, there is potential for further drop to the nearest support at 0.6950. In favor of a continuation of the fall is the formation of topping models forex head and shoulders on the relative strength indicator, which indicates a drop since the current levels.
NZD USD Forecast New Zealand Dollar on December 6, 2016
Cancellation option to continue the New Zealand dollar’s decline will be a strong growth area and the breakdown of 0.7160 closing prices that will point to a continuation of growth in the area above the level of 0.7240. We continue to hold to sell the pair and willing to try new deal with decreasing development. Among the important news from New Zealand tomorrow December 6, 2016, is to provide, Changing global index for dairy products prices.
NZD USD Forecast New Zealand Dollar on December 6, 2016 suggests an attempt to fall within the framework of working out a reversal pattern Forex Head and Shoulders an indicator of the relative strength in order to reduce to below 0.6950 area.
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