Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade within the forex triangle patterns. At the moment, there is a tight test of the descending trend line on the indicator of relative strength, indicating a potential decline of the New Zealand dollar quotations in the area below the 0.70 level within the framework of the beginning of the mining model Triangle.
NZD USD Forecast New Zealand Dollar on December 8, 2016
Cancellation option will be a strong growth of quotations NZD/USD above the 0.7160 level, which points to a continuation of the upward movement of the pair. Important events from New Zealand tomorrow is not expected and the pair will continue to move in the NZD USD Technical Analysis December 8, 2016.
NZD USD Forecast New Zealand Dollar on December 8, 2016 suggests an attempt to break the lower boundary of triangle forex pattern and continue falling within this mining model to the field at a level below 0.70.
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