Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to decline and are currently trading near the area of 0.6965. The pair repels from the upper boundary of the downward channel, which indicates a fall into the area below the level of 0.6925.
NZD/USD Forecast New Zealand Dollar on April 10, 2017
In favor of lowering the quotes of the New Zealand Dollar, a rebound from the resistance line on the indicator of relative strength. Cancellation of the variant of NZD/USD quotations decline on Forex will be strong growth and breakdown of the area of 0.7005, which will indicate the continued growth of the pair.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move within the technical analysis of NZD/USD.
NZD/USD Forecast New Zealand Dollar on April 10, 2017 suggests an attempt to fall below 0.6920 within the rebound from the upper boundary of the downward channel, the cancellation will be the breakdown of the area of 0.7005.
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