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 with the potential target of falling near the level of 0.7050. At this point, you should expect a rebound attempt in the area of 0.7340 and continue falling quotations.
NZD/USD prediction & technical analysis on September 27, 2017
In favor of the growth of the pair on Forex will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the New Zealand Dollar on Forex will be a decrease and breakdown of the area of 0.7140, which will indicate the continuation of the fall.
Among the important news from New Zealand that can influence the NZD/USD pair’s rate, it is worth highlighting: The decision of the Reserve Bank of New Zealand on the basic interest rate, one should expect the growth of volatility at the time of publication of the decision.
NZD/USD prediction & technical analysis on September 27, 2017 suggests a correction attempt to the area of 0.7340 and continuation of the fall of the pair in the area below the level of 0.7050 as part of the development of the bearish wave model of Wolfe.
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