Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to develop the decline and are currently trading at 0.6956. There is a potential for continuing the decline in the area below the level of 0.69. In favor of the fall is a breakdown of the support line on the indicator of relative strength, as well as the output of the pair’s quotes beyond the lower boundary of the descending channel.
NZD/USD Forecast New Zealand Dollar on April 6, 2017
The cancellation of the NZD/USD fall will result in a strong growth and breakdown of the 0.7020 area, which will indicate the continued growth of the pair’s quotes.
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 6, 2017 suggests an attempt to fall below 0.69 as part of working out a broken trend line on the indicator of relative strength, the breakdown of the 0.7020 area will be a cancellation.
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