Currency pair New Zealand Dollar to US Dollar NZD/USD close the trading week near the local maximum area at the level of 0.7290. It is worth waiting for an attempt to rebound and fall of the pair’s quotations in the area below the level of 0.71.
NZD/USD weekly forecast on June 26 — 30, 2017
In favor of falling NZD/USD quotes is the formation of a reversal model «Failure swing» on the relative strength indicator, which indicates the breakdown of the 0.72 area by closing prices. Cancellation of the fall option will be a breakdown at the level of 0.7390, which will indicate the continued growth of the pair.
Important news from New Zealand, which may have an impact on the New Zealand Dollar against the US Dollar, is not expected, so the pair will continue to move within the technical analysis of NZD/USD.
NZD/USD weekly forecast on June 26 — 30, 2017 suggests a downward attempt with a potential target at the level of 0.71 within the beginning of the development of the reversal model «Failure swing» on the relative strength indicator, the cancellation will be a breakdown at the level of 0.7390.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
