Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the formation of the «Head and Shoulders» reversal pattern. It is worth waiting for an attempt to fall into the support area at the level of 0.7120.
NZD/USD technical analysis & signals on June 20, 2017
In favor of falling quotes, the New Zealand Dollar pair is a breakdown of the upward trend line on the relative strength indicator. The cancellation of the variant of falling quotes of the pair NZD/USD will be the breakdown of the local maximum area.
Among the important news from New Zealand, which can have a strong impact on the New Zealand dollar rate, it is worth highlighting: The change in the global price index for dairy products.
NZD/USD technical analysis & signals on June 20, 2017 implies an attempt to fall below 0.7120 within the framework of the «Head and Shoulders» reversal pattern, an additional signal is the breakdown of the support line on the relative strength indicator.
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