Quotations of the currency pair New Zealand dollar against the US dollar NZD USD completed the trading week at 0.7008. The pair continues to decline in the downward channel and at the moment there is a potential for continuing the decline in the area below the level of 0.68.
NZD/USD Prediction on April 3, 2017 — April 7, 2017
The cancellation of the option may be a strong growth and breakdown of the area of 0.7160, which will indicate the continued growth of the NZD/USD pair in the area above the level of 0.7350. Expect to accelerate the fall in the quotations of the New Zealand dollar is with the breakdown of the lower boundary of the descending channel with the closure below the area of 0.6780.
Among the important news from New Zealand on the next trading week that can influence the rate of NZD USD, it is worth highlighting, the change in the global price index for dairy products, as well as the indicator of the mood of the business environment from NZIER on April 4, 2017.
NZD/USD Prediction on April 3, 2017 — April 7, 2017 suggests an attempt to continue falling quotations in the 0.68 area, the cancellation will be the breakdown of the area of 0.7150.
