Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to test the areas of the upper boundary of the descending channel. It is worth to expect an attempt to rebound and fall quotes of the pair in the area below the level 0.68.
NZD/USD prediction New Zealand Dollar on May 19, 2017
In favor of the fall of the pair is the test of the bearish resistance line on the indicator of relative strength index (RSI). Canceling the fall of the pair New Zealand Dollar to US Dollar NZD/USD will be a strong growth and breakdown of the area of 0.6960, indicating that the pair continues to grow.
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 NZD/USD.
NZD/USD prediction New Zealand Dollar on May 19, 2017 suggests an attempt to fall below 0.68 within the rebound from the upper boundary of the bearish channel, the breakdown of the 0.6960 area will be the case, in which case it is expected to continue the pair’s growth.
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