Quotes of the currency pair New Zealand dollar against the US dollar NZD USD finished the trading week at 0.7311. The pair was not able to develop a drop in the framework of start mining forex reversal patterns on the head and shoulders shorter periods of time.
Technical analysis NZD USD on February 6, 2017 — February 10, 2017
At the moment, we should not exclude an attempt to continue the growth of dense test the upper boundary of the descending channel near the area of 0.7350, this field sample points to continued growth in the region of a local maximum. In favor of a bounce quotation NZD/USD testing the descending resistance line on the indicator of relative strength.
Among the important news from New Zealand in the next trading week, which may influence the course of NZD USD, is to provide, Change for dairy products price index for February 7, 2017, as well as the decision of the Reserve Bank of New Zealand at the rate of 8 February 2017, it is expected that the rate of will remain unchanged at 1.75%.
Technical analysis NZD USD on February 6, 2017 — February 10, 2017 suggests an attempt to decrease in the rebound from the upper border of the descending channel and tight test of trend line on the indicator of relative strength, with a breakdown of the 0.7350 area is expected to pair the growth of quotations in the local area maximum.
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