Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade within a descending channel with a potential target of the fall below the level of 0.70. Cancellation option will be a strong growth of quotations NZD USD above 0.7280 level, which points to the continued growth of quotations of the New Zealand dollar above the 0.74 level within the framework of the development of upward correction for the pair.
NZD USD Forecast New Zealand Dollar on October 26, 2016
We continue to hold the sale NZD USD and are willing to try out new short positions on the pair as of the fall.
NZD USD Forecast New Zealand Dollar on October 26, 2016 suggests an attempt to decrease in the rebound from the upper border of the descending channel with the potential to decrease below 0.70 area.
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