Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in line with expectations and our NZD/USD forecast. At the moment, we should expect an attempt to break the support area at the level of 0.7150 and continue the decline in the area below the level of 0.7080.
NZD/USD forecast & technical analysis on July 12, 2017
The cancellation of the option will be a strong growth and a breakdown at the level of 0.7350, in which case we should expect the pair to continue growing.
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 12, 2017 suggests an attempt to continue the decline in the area below the level of 0.7080 as part of the forex exercise of the Wedge model, the cancellation will be a breakdown of the local maximum level.
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