Quotations of the currency pair New Zealand Dollar US Dollar NZD/USD continue to move within the downward trend and at the moment it is worth neighing the fall in the area below the level of 0.6750. In favor of falling quotations of the pair is a test of a broken trend line on the indicator of relative strength, as well as a test of the broken down channel boundary.
Technical Analysis & Forecast NZD/USD on May 1, 2017
By canceling the NZD/USD pair fall, the New Zealand Dollar will be a strong growth and breakout of 0.6950, indicating that growth will continue.
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 & Forecast NZD/USD on May 1, 2017 suggests an attempt to continue the pair’s decline to the area below the level of 0.6750 within the rebound from the broken resistance line on the indicator of relative strength, the breakdown will be the breakdown of the area of 0.6950.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
