Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to fall within the descending channel and are currently trading at 0.6920. The potential remains for the NZD/USD pair to continue falling below 0.6850.
NZD/USD Forecast New Zealand Dollar on April 13, 2017
In favor of falling quotations of the pair will break through the lower boundary of the Triangle model on the indicator of relative strength. The abolition of the NZD/USD lowering of the quotes will result in a strong growth and breakdown of the 0.70 area, which will indicate the continuation of the upward correction of the pair.
Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting the Business Activity Index in the manufacturing sector from Business NZ.
NZD/USD Forecast New Zealand Dollar on April 13, 2017 suggests an attempt to fall to the area below the level of 0.6850 as part of continuing the development of the downward trend, cancel the breakdown of the 0.70 area.
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