Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to decline, but at the moment there are risks to see the pair’s growth in the area above 0.7080 as part of the development of the head and shoulders reversal pattern on the relative strength indicator. Canceling the option growth will be a breakdown of the area of 0.6950, indicating that the price of NZD/USD will continue to decline.
NZD/USD Forecast New Zealand Dollar on April 4, 2017
Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting, the change in the global price index for dairy products. NZD/USD Forecast New Zealand Dollar on April 4, 2017 suggests an attempt to grow the pair in the area above the level of 0.7080 as part of the development of the inverted Head and shoulders model on the relative strength indicator.
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