Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the fall and currently quotes penetrate the area of the rising channel’s lower border. We should expect a tight test the breached border and continuing reduction of quotations with the first target at the level below the area of 0.6950.
NZD USD forex forecast at 6 March 2017
In favor of a continuation of NZD/USD falling perform test the broken trend line on the indicator of relative strength.
We closed some positions in connection with the test field support and risk of rebound, but with fixing quotations lower boundary of the channel are ready to try new sales.
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 forex forecast at 6 March 2017 suggests an attempt to continue to reduce the potential target at levels below 0.6950 area.
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