Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued in the development of downward movement. At the moment, preserved potential for falling New Zealand dollar quotations in the area below the level of 0.7040.
NZD USD Forecast New Zealand Dollar on October 25, 2016
Cancellation option will be a strong growth of quotations of the pair above the 0.7285 level. We continue to hold to sell the pair and are ready to increase the volume of sales to the extent of the fall.
NZD USD Forecast New Zealand Dollar on October 25, 2016 suggests an attempt to fall in the rebound from the upper border of the descending channel with a potential target of the fall below 0.7050, in case of breakdown of the channel should expect continued growth in the New Zealand dollar quotes.
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