Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the downward channel and are currently traded near the area of 0.6943. The potential for a fall in the pair’s quotes remains below the level of 0.6880.
NZD/USD Forecast New Zealand Dollar on April 11, 2017
In favor of the fall of NZD/USD, there will be a tight test of the downward trend line on the indicator of relative strength. The cancellation of the fall of the pair quotations will cause a strong growth and breakdown of the 0.70 area, which will indicate the completion of the decline and 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 11, 2017 suggests an attempt to continue falling quotations in the area below the level of 0.6880 within the rebound of the values of the relative strength indicator from the downward resistance line, the breakdown of the 0.70 area breakdown will be.
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