Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to be traded within the bearish channel. At the moment, we should expect an attempt to test the upper boundary of the channel at the level of 0.6920. Once again, the continuation of the fall of the pair NZD/USD to the area below the level of 0.68 is pushed back.
NZD/USD forecast New Zealand Dollar on May 22, 2017
In favor of the fall, breakdown of the upward trend line on the indicator of relative strength index (RSI) will perform. By canceling the option of falling quotes, the pair New Zealand Dollar to US Dollar NZD/USD will have a strong growth and breakout of the area of 0.6950, which will indicate continued growth.
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 22, 2017 involves an attempt to test the upper boundary of the bearish channel and the beginning of the fall with a target below the area of 0.68, in favor of the fall, a breakdown of the support line on the indicator of relative strength index (RSI) will perform.
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