Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to be traded near the resistance area and at the moment there is a potential for rebound and fall of quotations in the area below the level of 0.6950. In favor of the drop in NZD/USD, a tight test of the downward resistance line will perform on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on April 25, 2017
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 25, 2017 suggests an attempt to continue lowering the quotations to below the level of 0.6950 as part of the trend line test on the relative strength indicator, cancel the strong growth and breakdown of the area of 0.7070, which will indicate the continued growth of the pair’s quotes.
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