Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to decline and are currently trading near the area of 0.6970. It is worth to expect an attempt to continue falling into the support area at 0.69, with the breakdown of which the pair will continue to develop a fall. In favor of the decline from current levels is a tight test of the downward trend line on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on April 7, 2017
The cancellation of the option will be a strong growth and breakdown of the area of 0.7060, which will indicate the continued growth of the NZD/USD 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 7, 2017 suggests an attempt to fall into the area below the level of 0.69 as part of the rebound from the downward resistance line on the indicator of relative strength, the breakdown will be the breakdown of the area of 0.7060.
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