Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the upward correction and at the moment quotes are testing the upper limit of the downward forex model 1:1, which points to the continued decline in the area of a local minimum. Once again, we are trying to sell the New Zealand dollar with a close stop.
NZD USD Forecast New Zealand Dollar on January 13, 2017
Cancellation option rebound and the fall of quotations NZD/USD will break-down area of 0.7150, which points to continued growth above the level of 0.7230.
Is expected to accelerate the fall of quotations is a breakdown of the level 0.7060. Important news from New Zealand tomorrow 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 January 13, 2017 suggests an attempt to decrease in the beginning of the descending part of forex 1:1 model with the potential to reduce the level below 0.69 area.
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