Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to develop upward correction, however, at this point reached the upper limit of the downward channel. We try to sell the pair with the tight stop. The purpose of the fall is the area on the level below 0.70 area. Cancellation option will be a strong growth and the breakdown of the upper boundary of the channel, which will point to the continued growth and refinement punched bandwidth.
NZD USD Forecast New Zealand Dollar on October 19, 2016
An additional signal in favor of the fall is the area of the resistance test on the indicator of relative strength.
NZD USD Forecast New Zealand Dollar on October 19, 2016 suggests an attempt to fall in the rebound from the upper border of the descending channel with a potential target falls below the level of 0.70.
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