Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to move within the downward 1:1 model and at the moment quotes tightly test the upper boundary area of the model. It is worth waiting for an attempt to fall from the current levels in order to decrease near the level of 0.6850.
NZD/USD Forecast New Zealand Dollar on March 21, 2017
In favor of the fall, perform a tight test of the downward trend line on the indicator of relative strength. The cancellation of the fall of the pair quotes will result in a breakdown of the area of 0.71, which will indicate the continuation of the growth of the New Zealand dollar quotes.
Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting, the change in the global price index for dairy products.
NZD/USD Forecast New Zealand Dollar on March 21, 2017 suggests an attempt to fall within the rebound from the upper boundary of the downward Forex 1:1 model with a potential drop target near the level of 0.6850.
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