NZD/USD forecast New Zealand Dollar on July 7, 2017


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Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move near the area of ​​0.7270. It is worth waiting for an attempt to test the area of ​​0.7290 and continue the decline in the area below the level of 0.7150.

NZD/USD forecast New Zealand Dollar on July 7, 2017

In favor of falling quotations of the pair will perform a tight test of the resistance line on the indicator of relative strength index (RSI). The abolition of the reduction option will be the breakdown of the local maximum area, which will indicate the continued growth of the New Zealand Dollar.

NZD/USD forecast New Zealand Dollar on July 7, 2017

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 NZD/USD.

NZD/USD forecast New Zealand Dollar on July 7, 2017 suggests an attempt to reduce the support area at the level of 0.7150 within the framework of the Wedge model, the breakdown will be a breakdown at the level of 0.7360.


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