Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to move in the reduction, but at the moment quotes are testing the lower limit of the downward channel. There are risks to see a rebound of quotations in the area above the level of 0.7040, where once again we can expect the fall. In favor of reducing the NZD/USD quotes perform the test a broken trend line on the indicator of relative strength.
NZD/USD Forecast New Zealand Dollar on March 7, 2017
The potential to reduce the quotations is the area below the level of 0.6850. In case of breaking 0.7040 area is expected potential increase in the area of the upper limit of the downward channel.
Among the important news from New Zealand that could affect the course of NZD/USD, is to provide, Changing global index prices for dairy products, the past value of the index was at -3.2%.
NZD/USD Forecast New Zealand Dollar on March 7, 2017 suggests an attempt to break the lower boundary of the field and accelerate the fall to decrease below the level of 0.6850, the cancellation option will break-down area 0.7040.
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