Currency pair New Zealand Dollar to US Dollar NZD/USD closed the trading week at 0.6924. The pair continues to trade in the bearish channel. It is worth waiting for a rebound attempt from the upper boundary and the beginning of the fall with the first target near the area 0.6750.
NZD/USD forecast on May 22, 2017 — May 26, 2017
In favor of the fall of the pair New Zealand Dollar to US Dollar NZD/USD will perform a test of the bearish trend line on the indicator of relative strength index (RSI). The reversal of the fall of the pair will be a strong growth and breakdown of the level 0.70, which will indicate the continued growth of the pair.
Among the important news from New Zealand on the following trading week, which may affect the NZD/USD exchange rate, it is worth highlighting:
May 25, 2017, Thursday, Annual Budget Release, key news of the current week, we should expect the growth of volatility in pairs with the New Zealand Dollar.
NZD/USD forecast on May 22, 2017 — May 26, 2017 suggests an attempt to fall to the lower boundary of the downlink at 0.6750, in favor of the fall, a downtrend test on the relative strength indicator index (RSI) will come out, and the breakdown of the 0.70 area will be a cancellation.
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