Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move near the area of 0.7015. At the moment, the pair is tearing the upper garnish area of the descending channel. It is worth waiting for an attempt to rebound and fall of quotations in the area below the level of 0.6940.
NZD/USD Forecast New Zealand Dollar on April 19, 2017
In favor of the decline is the formation of the reversal Forex Head and Shoulder models. The cancellation of the variant of the pair price reduction will be the breakdown of the local maximum area, which will indicate the continued growth of the pair’s quotes.
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 April 19, 2017 suggests an attempt to fall into the area below the level of 0.6940 as part of the development of the reversal Forex Model Head and shoulders on the price chart, the cancellation will be the breakdown of the local maximum area.
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