Quotations of the currency pair New Zealand dollar to US dollar NZD/USD completed the trading week at 0.6930. At the moment, the pair’s quotations continue to move within the descending channel and there is a potential for falling to the area below the level of 0.68. In favor of the drop in NZD/USD quotations, there is a rebound from the descending line of the trend, which also indicates a bearish tendency for the pair.
NZD/USD Forecast on April 10 — 14, 2017
The cancellation of the option can be a strong growth above the level of 0.7070, which indicates that the growth continues above the level of 0.72. Expect to accelerate the fall in the quotes of the New Zealand Dollar stands with a breakdown of the area of 0.6770, which will indicate a move beyond the lower boundary of the descending channel.
Among the important news from New Zealand in the next trading week that can influence the NZD USD rate, it is worth highlighting the Business Activity Index in the manufacturing sector from Business NZ.
NZD/USD Forecast on April 10 — 14, 2017 involves an attempt to continue the decline in the area below the level of 0.68 within the rebound from the trend line on the price chart, the cancellation will be the breakdown of the area of 0.7070.
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