Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to trade outside the «Wedge» model. It is expected to continue the decline of the pair in the area below the level of 0.7150. In favor of the drop will come the test of the resistance line to the indicator of relative strength index (RSI).
NZD/USD forecast & technical analysis on July 11, 2017
The cancellation of the fall option will be a strong growth and breakdown of the local maximum area. Expect to accelerate the decline of the pair is with the breakdown of the level of 0.7240.
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 of NZD/USD.
NZD/USD forecast & technical analysis on July 11, 2017 suggests an attempt to continue the decline in the area below the level of 0.7150 as part of the development of the forex model of the «Wedge», the cancellation will be a breakdown of the area of 0.7370, indicating that the pair will continue to grow.
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