Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the rising channel. At the moment, we should expect an attempt to drop quotations in the support area at 0.6970. In favor of the fall of the pair, a breakdown of the upward trend line will appear on the indicator of relative strength.
NZD/USD forecast New Zealand Dollar on May 26, 2017
Canceling the option to lower the quotes of the New Zealand Dollar will be a breakdown of the local maximum area, which will indicate the continued growth of the pair.
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 of NZD/USD.
NZD/USD forecast New Zealand Dollar on May 26, 2017 suggests an attempt to fall to the area of 0.6970, the breakdown of this region will indicate the continuation of the decline in quotations, in favor of the decline will break the support line at the initiator of relative strength.
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