Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to be traded within the framework of the upward correction and at the moment there is still potential for a dense test of the area of 0.7025, where it is expected to fall as part of the start of the development of the head and shoulders reversal pattern on the relative strength indicator. The cancellation of the fall of the pair’s quotes will result in a strong growth and breakdown of the 0.7050 area, which will indicate the continued growth of NZD/USD.
NZD/USD Forecast New Zealand Dollar on April 18, 2017
Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting, the change in the global price index for dairy products.
NZD/USD Forecast New Zealand Dollar on April 18, 2017 suggests an attempt to reduce to the area below the level of 0.6960 as part of the development of the head and shoulders reversal pattern on the relative strength indicator, the breakdown of the 0.7050 area will be a cancellation.
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