Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD also showed life contrary to expectations. And at the moment it is preserved for potential falling of pair of quotes in the rebound from the trend line on the indicator of relative strength, and also due to test the upper boundary of the rising channel. The immediate goal of the fall is the area on the level below 0.73 areas.
NZD USD New Zealand Dollar forecast on September 8, 2016
Cancellation option will be a strong growth area and the breakdown of 0.7440, which will run acceleration of the upward trend on the pair.
In order to understand the idea in favor of the fall should consider the weekly chart of the currency pair NZD USD, as we see the descending pattern is formed for the purpose of 5-0 fall below the level of 0.59, and has a test line of resistance on the relative strength indicator, so these signals indicate potential NZD USD a drop in prices in the long term.
NZD USD New Zealand Dollar forecast on September 8, 2016 suggests an attempt to rebound from the resistance area to below the level of 0.73.
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