Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bearish channel. It is expected to rebound quotes from the upper boundary of the channel and the beginning of the fall in the area below the level of 0.7160.
NZD/USD forecast & technical analysis on August 30, 2017
Expect to accelerate the fall in quotations NZD/USD is with the breakdown of the lower boundary of the channel and the consolidation of quotations below the level of 0.7120. The cancellation of the New Zealand Dollar quotation will result in a strong growth and breakdown at the level of 0.7320, which will indicate that the growth will continue above the level of 0.7430.
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 within the technical analysis NZD/USD.
NZD/USD forecast & technical analysis on August 30, 2017 suggests a rebound from the upper boundary of the channel with the potential target to decline near the level of 0.7160, the cancellation will be a breakdown at the level of 0.7320.
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