Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the growth In favor of the development of the bullish trend for the pair is the formation of an bullish wave model of Wolfe. At the moment, we should expect a test of the level of 0.7160 and continue the decline in the area below the level of 0.7020.
NZD/USD prediction & technical analysis on October 16, 2017
In favor of the fall of the pair on Forex will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of the New Zealand Dollar’s drop in the forex quotes will be the breakdown of the area of 0.7190, which will indicate the continuation of the pair’s growth and the development of the bullish model of the Wolf wave.
NZD/USD prediction & technical analysis on October 16, 2017 assumes a test of the 0.7160 level and the continuation of the decline of quotations below the level of 0.7020, the cancellation of the fall variant will be the breakdown of the area of 0.7190, which will indicate the continued growth of the pair.
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