Quotes of the currency pair New Zealand Dollar against the US Dollar NZD/USD was able to show strong growth and is currently testing the area of the upper boundary of the descending channel. It is worth to expect an attempt to rebound and fall of quotations NZD/USD in the area below the level of 0.6950.
Technical analysis and NZD/USD forecast on April 14, 2017
In favor of the fall of the pair is the resistance area test on the relative strength indicator. Cancellation of the fall option will be a breakdown of the area of 0.7020.
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 in the technical analysis of NZD/USD.
Technical analysis and NZD/USD forecast on April 14, 2017 assumes an attempt to fall below 0.6950 within the rebound from the resistance area on the relative strength indicator.
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