Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move within the expectations and at the moment there is still potential for continuing falling of quotations in the area below the level of 0.68.
NZD/USD Forecast New Zealand Dollar on April 27, 2017
In favor of the fall is the breakdown of the lower boundary of the Forex model of the triangle, as well as the breakdown of the support line on the indicator of relative strength. The cancellation of the drop in the New Zealand Dollar quotations will result in a strong growth and breakdown of the 0.7050 area, which will indicate continued growth.
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 within the technical analysis of NZD/USD.
NZD/USD Forecast New Zealand Dollar on April 27, 2017 suggests an attempt to continue falling as part of the start of the Forex development of the Triangle model, with the target of reducing near the 0.68 area.
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