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 falling quotations in the area below the level of 0.7080.
NZD/USD prediction & technical analysis on September 26, 2017
In favor of the fall of the pair at Forex, the «Head and Shoulders» reversal pattern will appear on the NZD/USD chart. The cancellation of the New Zealand Dollar forex quotation will result in a strong growth and breakdown of the 0.7360 area, which will indicate continued growth. Expect to accelerate the fall is with the breakdown of the area of 0.7240.
Important news from New Zealand, which may affect the rate of the pair USD/JPY, is not expected, so the pair will continue to move in the technical analysis.
NZD/USD prediction & technical analysis on September 26, 2017 suggests an attempt to continue the fall of the pair in 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 variant will be a breakout of the area of 0.7360.
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