Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continued to decline and at the moment there is a potential for the pair to fall below 0.6920. In favor of the fall is the breakdown of the lower boundary of the Triangle model on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on April 3, 2017
By canceling the option of lowering the quotes of the New Zealand Dollar pair, there will be a breakout of the area of 0.7045, which will indicate the exit of quotes beyond the upper border of the channel and the continued growth of the pair.
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 continue falling of the pair in the area below the level of 0.6920 within the framework of the Forex Triangle model development on the indicator of relative strength.
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