Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues moving inside the descending pattern forex 1:1 and is currently testing the tight upper boundary of the channel. We continue to keep selling the pair with the tight stop and are ready to increase the volume of sales with a decrease in development.
Technical Analysis and Forecast NZD/USD on January 16, 2017
Cancellation option will be a breakdown of 0.7150 area, which point to continued growth in NZD/USD quotes. Target of the pattern is the area on the level below 0.69.
Important news from New Zealand is not expected, so the pair will continue to move in the technical analysis of the NZD/USD.
Technical Analysis and Forecast NZD/USD on January 16, 2017 suggests an attempt to rebound from the upper border of the descending channel and continue falling to below the level of 0.69.
