Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the downward trend and currently retained potential for attempt of a minor correction to the upper boundary of the descending channel and continue falling to below the level of 0.7060.
NZD USD Forecast New Zealand Dollar on February 22, 2017
In favor of the drop in prices will make a pair of tight test of the descending trend line on the indicator of relative strength.
Cancellation option will be the fall of quotations strong growth and the breakdown of the resistance area with the closing quotes above level 0.7220.
Important news from New Zealand that could affect the course of NZD/USD, is expected, so the pair will continue to move in the technical analysis NZD/USD.
NZD USD Forecast New Zealand Dollar on February 22, 2017 suggests an attempt to below 0.7065 as a continuation of the downward trend for the pair.
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