Quotations of the currency pair New Zealand Dollar against the US Dollar NZD USD continue to be traded in a downward trend and at the moment the pair demonstrates declines. It is worth waiting for an attempt to continue the New Zealand Dollar quotes falling below 0.6950.
NZD/USD Forecast New Zealand Dollar on March 27, 2017
In favor of continuing the decline is the breakdown of the upward trend line on the indicator of relative strength, which indicates the breakdown of a similar trend line on the price chart. The cancellation of the variant of the NZD / USD quotes drop will break through the area of 0.7080, which will indicate that the pair’s quotes continue to rise above 0.7150.
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 within the technical analysis of NZD/USD.
NZD/USD Forecast New Zealand Dollar on March 27, 2017 suggests an attempt to continue lowering the pair’s quotations in the area below 0.6950, the breakdown will be the breakdown of the resistance area with the closing of quotes above the level of 0.7080.
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