Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the framework of the reversal forex model of the Head and shoulders, which indicates a potential continuation of the decline in the area below the level of 0.69.
NZD/USD Forecast New Zealand Dollar on March 30, 2017
The abolition of the continuation of the decline in the NZD/USD pair’s quotations will result in a strong growth and breakdown of the 0.7090 area, which will indicate continued growth in the area above the level of 0.72. With the breakdown of the area of 0.69 we should expect the continuation of the development of a full downward trend in the pair.
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 30, 2017 suggests an attempt to fall as part of the completion of the forex reversal of the Head and Shoulders model with the first goal of reducing near the area of 0.69.
