Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth framework. However, at the moment there is a potential for falling quotations in the framework of the development of the Wedge turntable.
NZD/USD technical analysis & news on June 9, 2017
An additional signal for the fall of quotations of the pair will be the breakdown of the trend line on the indicator of relative strength index (RSI). Canceling the option of reducing the pair’s quotations will be a breakdown of the area of 0.7240, indicating that the growth will continue.
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 of NZD/USD.
NZD/USD technical analysis & news on June 9, 2017 suggests a correction attempt in the area below the level of 0.7150, within the framework of the forex model Wedge, the cancellation will be the breakdown of the area of 0.7250.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
