Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the mining forex reversal patterns on the indicator of relative strength.
The purpose of quotations fall is the area of support at 0.7075. In the case of couples fall and return to the downstream channel is expected to continue NZD/USD falling to the potential to decrease to a level below 0.68 areas.
Technical analysis and forecast NZD/USD on January 27, 2017
Cancellation option will be the fall of quotations strong growth and the breakdown of 0.7350 areas, which point to continued growth above the level of 0.76. We try to sell the pair with the tight stop and with the development of the fall ready to increase the amount of short positions.
Important news from New Zealand tomorrow 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 27, 2017 suggests an attempt to fall to 0.7075 within mining reversal forex head and shoulders pattern on the indicator of relative strength.
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