Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to build on the upper boundary of the downward channel and there is a potential for the pair to fall below 0.6900.
NZD/USD Forecast New Zealand Dollar on April 20, 2017
In favor of falling quotations of the pair is the formation of the reversal Forex Head and shoulders models on the indicator of relative strength. Cancellation of the variant of the New Zealand Dollar quotes drop will be a breakdown of the area of 0.7050, which indicates that the pair will continue to grow above 0.7120.
Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting the Consumer Price Index.
NZD/USD Forecast New Zealand Dollar on April 20, 2017 suggests an attempt to fall below 0.69 as part of the rebound from the upper boundary of the downward channel, cancel the breakdown of the 0.7050 area.
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