Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the correction, but currently quotes pair met resistance test area and test the upper limit of the downward channel, indicating a potential rebound and start to fall below the level of 0.7065.
NZD USD Forecast New Zealand Dollar on February 17, 2017
In favor of the fall of quotations NZD/USD was also in a tight test of the descending trend line on the indicator of relative strength.
Cancellation option reduce New Zealand dollar quotations will make the breakdown area 0.7250, which points to continued growth in the region of a local maximum.
Among the important news from New Zealand, is to provide, Retail Sales, and the index of business activity in the manufacturing sector by Business NZ.
NZD USD Forecast New Zealand Dollar on February 17, 2017 suggests an attempt to fall in the rebound from the resistance area with the potential to reduce to below 0.7065 area, the cancellation option will break-down area 0.7250.
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