Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the downward trend and at the moment there is still potential for continuing the drop in NZD/USD quotations with the breakdown of the support area 0.6850.
NZD/USD Forecast New Zealand Dollar on March 14, 2017
In favor of continuing the decline, a dense test of the downward trend line will appear on the indicator of relative strength. Cancellation of the variant of falling quotations will break through the area of 0.7070, which will indicate the continuation of the development of the upward correction. Expect to accelerate the fall in quotations NZD/USD is worth a breakdown of the area of 0.6850.
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 14, 2017 suggests an attempt to correct the quotations in the area of 0.6980, from which it is expected to continue falling to the level of 0.6850.
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