Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the downward trend, at the moment there is a potential for a tight test resistance area and began to fall below the level of 0.7075.
NZD USD Forecast New Zealand Dollar on February 15, 2017
In favor of a drop in prices pair NZD/USD test the push downward resistance line on the indicator of relative strength. Cancellation option will rise in share price above the level of 0.7350. Is expected to accelerate the fall of the pair of quotes is a breakdown of the area of a local minimum.
We continue to keep selling the pair NZD/USD and are willing to try new positions at the time of the test resistance area. Important news from New Zealand 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 February 15, 2017 suggests an attempt to fall below the level of 0.7075 after a slight upward movement, the abolition scenario will be a strong growth area and the breakdown of 0.7350.
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