Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the upward momentum. At the moment, we should expect an attempt to continue the decline in the area of frost of the border of the rising channel, where the pair could grow.
NZD/USD forecast New Zealand Dollar on May 25, 2017
In favor of growth, there will be a tight test of the support line on the indicator of relative strength index (RSI). In the event of a breakdown of the area of 0.6950, one should expect the NZD/USD to continue to decline.
Among the important news from New Zealand, which can have a strong impact on the exchange rate of the currency pair NZD/USD, it is worth highlighting: Annual Budget Release.
NZD/USD forecast & analysis on May 25, 2017 presupposes an attempt to correct the area of the lower border of the rising channel, from which it is expected to rebound and continue the growth of the pair, the breakdown of the area will be 0.6950, in which case it is expected to continue the decline.
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