Quotes of the currency pair New Zealand dollar against the US dollar NZD USD finished the trading week at 0.7261. The pair tested the downward trend line on a chart, and there are also test the resistance line on the indicator of relative strength.
Technical analysis NZD/USD on January 30, 2017 — February 3, 2017
We should expect a rebound attempt and the beginning of the fall of the NZD/USD quotes in the area at the level of 0.7050. Cancellation option will be the reduction of quotations strong growth above the level of 0.73, which points to the breakdown of the resistance area at 0.74 and continued growth in the region of a local maximum.
Among the important news from New Zealand in the next trading week, which may influence the course of NZD USD, is to provide, Employment Change and Unemployment data will be February 1, 2017.
Technical analysis NZD/USD on January 30, 2017 — February 3, 2017 suggests an attempt to fall in the rebound from the resistance area with the potential to reduce to below 0.7050 area, the cancellation option will sample area 0.73.
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