Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the downward 1:1 model with the potential target of falling quotations near the level of 0.6850. In favor of the continuation of the fall, a breakdown of the upward trend line will appear on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on March 20, 2017
In the event of a pair of quotations out of the upper boundary of the descending channel, we should expect the continuation of growth in the area above the level of 0.71. 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 20, 2017 suggests an attempt to continue reducing the pair as part of a downward 1:1 model with a potential drop target at 0.6850, the breakdown of the 0.7070 area will be a cancellation.
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