Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the sideways correction, but now there are risks to see a tight test resistance area and began to fall below the level of 0.6850 in the framework of the continuation of mining the forex reversal patterns with the daily chart of the pair.
NZD USD FOREX forecast on January 5, 2017
In favor of the version of the fall is the rebound relative strength indicator values from the trend line. Cancellation option will be a breakdown of 0.6970 area, which point to a continuation of the rising correction for New Zealander in the area above the level of 0.71.
Important news from New Zealand tomorrow is not expected, so the pair will continue to move in the Technical Analysis NZD USD.
NZD USD FOREX forecast on January 5, 2017 suggests an attempt to fall in the rebound from the resistance area with the immediate goal of reducing to below 0.6850 area, would be the abolition of price growth above the level of 0.6970.
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