Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move near the area of 0.7270. At the moment, there is a potential for continuing the decline in the pair’s quotations in the area below the level of 0.7150.
NZD/USD forecast New Zealand Dollar on July 10, 2017
In favor of the fall of NZD/USD, a resistance line test will be performed on the indicator of relative strength index (RSI). The cancellation of the fall of the pair will result in a strong growth and breakdown at the level of 0.7380, which will indicate the continued growth of the pair on Forex.
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 July 10, 2017 suggests an attempt to fall below the level of 0.7150 within the framework of the development of the «Wedge» reversal model, an additional signal will be a test of the trend line on the indicator of relative strength.
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