Currency pair New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7235. The pair continues to trade in the bearish channel. It is worth waiting for an attempt to rebound and fall of quotations in the area below the level of 0.70.
NZD/USD weekly forecast June 19 — 23, 2017
In favor of falling quotes of the New Zealand Dollar pair against the US Dollar is the resistance area test on the relative strength indicator. Cancellation of the fall option will be a breakdown of the area of 0.73, which will indicate the continued growth of NZD/USD.
Among the important news from New Zealand on the following trading week, which can affect the exchange rate of the currency pair NZD/USD:
June 22, 2017, New Zealand Bank’s Revolving Bank’s decision on the basic interest rate, Covering statement of the New Zealand Bank of Rebirth.
NZD/USD weekly forecast June 19 — 23, 2017 assumes an attempt to fall below the 0.70 level within the rebound from the upper boundary of the bearish channel, an additional test is the resistance area test on the relative strength indicator.
