Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel and at the moment there is still potential for falling quotations in the area below the level of 0.68. In favor of the drop, the rebound of the values of the relative strength index indicator from the descending line of the trend appears.
NZD/USD forecast New Zealand Dollar on May 17, 2017
Cancellation of the variant of NZD/USD quotations fall will be a strong growth and breakdown of the area of 0.6930, which will indicate the continuation of the development of the upward correction for the pair.
Among the important news from New Zealand, which can have a strong impact on the NZD/USD exchange rate, it is worth highlighting the Producer Price Index.
NZD/USD forecast New Zealand Dollar on May 17, 2017 suggests an attempt to continue falling of the pair into the area below the level of 0.68, an additional signal is a rebound from the downward trend line on the indicator of relative strength.
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