Quotations of the currency pair New Zealand Dollar to US dollar NZD/USD finished the trading week at the level of 0.7028. The pair continues to trade within the framework of the Forex Triangle model, at the moment it is expected to continue the decline to the bottom of the model with the first target near the level of 0.69.
NZD/USD Forecast New Zealand Dollar on April 24 — 28, 2017
In favor of falling quotes NZD/USD is a tight test of the downward trend line on the indicator of relative strength. Cancellation of the variant of the fall in quotations will be the breakdown of the area of 0.7150, which will indicate the continuation of the pair’s growth in the area above the level of 0.72. Expect the acceleration of falling quotations of the pair is with the breakdown of the area of the lower boundary of the Forex Triangle model.
Among the important news from New Zealand on the next trading week that can influence the rate of NZD/USD, it is worth highlighting, the balance of the balance of foreign trade, as well as the indicator of confidence in the business environment from ANZ on April 28, 2017.
NZD/USD Forecast New Zealand Dollar on April 24 — 28, 2017 involves an attempt to fall below 0.68 in the rebound from the downward trend line on the relative strength indicator, the elimination of the decline of quotations will be the breakdown of the area of 0.72.
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