Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move as part of the development of the bearish wave model of Wolfe. At this point, we should expect the continuation of the fall in quotations in the area below the level of 0.7070.
NZD/USD prediction & technical analysis on September 22, 2017
In favor of the fall of the pair on Forex will form the reversal model of the Head and shoulders on the indicator of relative strength index (RSI). Canceling the option of lowering the quotes of the New Zealand Dollar to Forex will be a strong growth and breakdown of the area of 0.7450, indicating that the growth continues above the level of 0.7580. Expect to accelerate the fall is with the breakdown of the area of 0.7280.
Important news from New Zealand, which may affect the rate of the pair NZD/USD, is not expected, so the pair will continue to move in the technical analysis.
NZD/USD prediction & technical analysis on September 22, 2017 suggest an attempt to continue the decline to the area below the level of 0.7080, as part of the development of the bearish wave model of Wolfe, the breakdown of the fall version will be the breakdown of the area of 0.7450.
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