Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the expectations and are currently trading near the local maximum area. It is expected to fall in quotations in the area below the level of 0.6940.
NZD/USD Forecast New Zealand Dollar on April 21, 2017
In favor of the fall is the formation of the reversal Forex Head and Shoulder models, as well as a tight test of the downward resistance line on the indicator of relative strength. The abolition of the reduction option will be the breakdown of the local maximum region.
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 in the technical analysis of NZD/USD.
NZD/USD Forecast New Zealand Dollar on April 21, 2017 suggests an attempt to fall into the area below the level of 0.6940 as part of the development of the reversal forex model of the Head and shoulders, the cancellation will be the breakdown of the local maximum area.
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