Quotes currency pair US dollar against the New Zealand dollar NZD USD continues moving inside the descending pattern is 1:1, in spite of the attempt to break the upper limit of the downward channel is stored potential for falling NZD/USD quotes.
NZD USD Technical Analysis and Forecast on January 26, 2017
In favor of the fall is the test of the descending trend line on the indicator of relative strength. Cancellation option will be a strong growth of quotations of the New Zealand dollar above the level of 0.7320.
Is expected to accelerate the fall of quotes NZD/USD is a breakdown of the support level on the indicator of relative strength.
Among the important news from New Zealand that could affect the course of NZD/USD, is to provide the consumer price index.
NZD USD Technical Analysis and Forecast on January 26, 2017 assumes from 0.7250 area drop attempt and the rebound in the rebound from the downward trend line on the indicator of relative strength.
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