Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move within the limits of the decline. At the moment, the potential for continuing the fall in the area below the level of 0.6850 remains. In favor of continuing the fall will make another test of the broken trend line on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on March 10, 2017
Also, we should not exclude a tight test of the broken down boundary of the downward channel at the level of 0.6950. The abolition of the reduction option will be a strong growth and breakdown of the area of 0.6990, 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 in the technical analysis of NZD/USD.
NZD/USD Forecast New Zealand Dollar on March 10, 2017 suggests an attempt to continue falling into the support area of 0.6850, the breakdown of which will indicate the acceleration of the fall in the quotes of the pair NZD/USD.
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