Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the downward channel and at the moment there is still potential for falling quotations in the area below the level of 0.6850. In favor of the fall is the test of the downward trend line on the indicator of relative strength index (RSI).
NZD/USD forecast New Zealand Dollar on May 18, 2017
Cancel the option of falling quotes New Zealand Dollar to US Dollar will be the breakdown the area of 0.6950, indicating that the bullish correction to the area above the level of 0.7050. Expect to accelerate the falling currency pair NZD/USD is with the breakdown of the area of 0.6850.
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 in the technical analysis NZD/USD.
NZD/USD forecast New Zealand Dollar on May 18, 2017 suggests an attempt to fall to the local minimum area at 0.68, in favor of the drop is the downward resistance test in the relative strength indicator index (RSI), the cancellation of the growth NZD/USD will be the breakdown of the area 0.6950.
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