Currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the framework of the Forex «Triangle» model. It is worth waiting for an attempt to break the lower boundary of the model, which indicates the continuation of the decline in the area below the level of 0.7120.
NZD/USD technical analysis & signals on June 21, 2017
In favor of the fall is the breakdown of the trend line on the indicator of relative strength. Cancellation of the variant of the NZD/USD quotes drop will be the breakdown of the local maximum area.
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 technical analysis & signals on June 21, 2017 suggests an attempt to break the lower boundary of the «Triangle» model and continue the decline to the area below the level of 0.7120, the breakdown will be a breakdown of the area of 0.73, indicating that the pair will continue to grow.
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