Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the fall and at the moment we should expect a tight field test of the rising channel’s lower border. The breakdown of the field point to the continued decline of the New Zealand dollar quotations to a local minimum.
NZD USD Forecast New Zealand Dollar on March 3, 2017
In favor of the continuation of falling of pair NZD/USD appears breakdown of the trend line on the indicator of relative strength. We continue to hold to sell the pair and increase sales at least reduce.
Cancellation option of growth can be broken through the resistance area and closing quotation NZD/USD above the 0.7150 area. 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 of the NZD/USD.
NZD USD Forecast New Zealand Dollar on March 3, 2017 suggests an attempt to fall in the region of the rising channel’s lower border, the art sample points to fall below 0.69 area.
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