Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the downward Forex model 1:1 to fall below the area of 0.6850. In favor of the continuation of the fall in the quotes of the pair NZD/USD, there is a tight test of the resistance area on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on March 17, 2017
The cancellation of the option will be the breakdown of the area 0.7070, which indicates the continuation of the upward trend in the pair. We are trying new positions in favor of selling a pair with a close stop-loss.
Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting the Business Activity Index in the manufacturing sector from Business NZ.
NZD/USD Forecast New Zealand Dollar on March 17, 2017 involves an attempt to test the upper boundary of the downward channel and continue falling to the area below the level of 0.6850 within the framework of working out the downward forex of the 1:1 model.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
