Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to be traded near the resistance area. At the moment, the potential for falling NZD/USD quotations to the area below the level of 0.6950 remains. In favor of the fall is the formation of the reversal Forex Head and Shoulders models, which indicates a drop in quotations already from current levels.
NZD/USD Forecast New Zealand Dollar on March 28, 2017
Cancellation of the variant of the New Zealand dollar drop will be the breakdown of the area 0.7090, which will indicate the breakdown of the local maximum. 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 28, 2017 suggests an attempt to drop the pair’s quotes as part of the start of the development of the reversal Forex Head and Shoulder models with a target of falling near the area of 0.6950.
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