The currency pair New Zealand Dollar against the US Dollar NZD/USD continue to decline and at the moment the lower limit of the Forex Triangle pattern was broken. It is expected to continue falling to the area below the level of 0.69. In favor of the drop, the values of the relative strength indicator are rebound from the descending resistance line.
NZD/USD Forecast New Zealand Dollar on April 3, 2017
Cancellation of the variant of the New Zealand dollar drop will be triggered by the breakdown of the upper border of the descending channel and the closing of the NZD/USD quotations above the 0.7080 area. 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 3, 2017 suggests an attempt to fall as part of the Triangle Triangle forex development with the potential downside target near 0.69, the breakdown will be a breakdown of the upper boundary of the descending channel.
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