Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the downward channel and at the moment there is a potential for continuing the fall into the area below the level of 0.6900. In favor of falling quotes NZD/USD is the test of the downward resistance line on the indicator of relative strength.
Technical analysis and Forecast NZD/USD on April 12, 2017
Canceling the option of continuing to decline the pair will be a breakdown of the area of 0.6990, indicating that the growth will continue to the area above the level of 0.7050.
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.
Technical analysis and Forecast NZD/USD on April 12, 2017 suggests an attempt to continue falling into the area below the level of 0.69 as part of the rebound from the descending line of the trend on the indicator of relative strength, cancel the breakdown of the area 0.6990.
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