Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the downward trend, quotes of the pair could push off from the downward trend line on the indicator of relative strength. It is worth waiting for a breakdown attempt at the support area at 0.6850, which will indicate an acceleration of the pair’s quotes fall into the area below 0.67.
NZD/USD Forecast New Zealand Dollar on March 15, 2017
We continue to hold down the pair’s sales and try new deals in favor of a decline as the NZD/USD falls. Canceling the option of continuing the decline of the pair will be a breakdown of the area of 0.6950, which will indicate the continuation of the development of the upward correction for the pair.
Among the important news from New Zealand, which can influence the NZD/USD exchange rate, it is worth highlighting the balance of the current account of the balance of payments.
NZD/USD Forecast New Zealand Dollar on March 15, 2017 suggests an attempt to continue the decline within the rebound from the downward trend line on the relative strength indicator, the target of the drop is the area of 0.6850, the breakdown of which will trigger the acceleration of the pair’s decline.
