Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move within the formation of the «Wedge» model. We should expect an attempt to break the lower boundary of the model and continue the decline in NZD/USD quotations to the area below the level of 0.7170.
NZD/USD Forecast New Zealand Dollar on July 4, 2017
In favor of the fall of the pair is the resistance line test on the indicator of relative strength. The cancellation of the New Zealand Dollar fall will be the breakdown of the local maximum area, which will indicate the continued growth of the pair.
Among the important news from New Zealand, which can have a strong impact on the New Zealand Dollar rate, it is worth highlighting: The indicator of the mood of the business environment from NZIER.
NZD/USD Forecast New Zealand Dollar on July 4, 2017 suggests an attempt to break the lower boundary of the «Wedge» model and continue the decline to the area below the level of 0.7170, the breakdown of the breakdown of the area is 0.7370, in which case it is to be expected that the pair will continue to grow.
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