Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to trade near the local maximum area. At the moment, the potential for a fall in the pair’s quotations remains below 0.6950. In favor of the drop is the downward trend test on the relative strength indicator, already with the breakdown of the support area and the closing of quotes below the level of 0.6950, we should expect the pair to continue falling into the area below the level of 0.6850.
NZD/USD Forecast New Zealand Dollar on March 24, 2017
Cancellation of the variant of the New Zealand dollar drop will be the breakdown of the local maximum area, which will indicate the continued growth in the area above the level of 0.7150. Among the important news from New Zealand, which may have an impact on the NZD/USD exchange rate, it is worth highlighting, the balance of the balance of foreign trade.
NZD/USD Forecast New Zealand Dollar on March 24, 2017 suggests an attempt to fall below 0.6950 within the rebound from the downward trend line on the indicator of relative strength, the abolition of the decline option will be the breakdown of the local maximum area.
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