Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the downward trend, and at the moment we should expect a tight test resistance area and to continue to fall below the level of 0.7070.
In favor of the falling New Zealand dollar quotations stands the test downward trend line on the indicator of relative strength.
NZD USD Forecast New Zealand Dollar on March 1, 2017
Cancellation option of continuing pair of quotes will decrease the breakdown of 0.7250 area, which point to a continuation of an upward trend and updating the area of a local maximum. Is expected to accelerate the fall of quotes NZD/USD is a breakdown of the support line on the indicator of relative strength.
Among the important news from New Zealand that could affect the course of NZD/USD, is to provide, Balance of foreign trade, the confidence indicator in the business environment of ANZ.
NZD USD Forecast New Zealand Dollar on March 1, 2017 suggests an attempt to fall after a good test resistance area above the level of 0.7210 with the target of the fall below 0.7070 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
