Quotes of the New Zealand Dollar against the US Dollar NZD/USD close the trading week near the area of 0.7085. At this point, we should expect an attempt to test the level of 0.7050 as part of the completion of the formation of the bullish model of the Wolfe wave.
NZD/USD weekly forecast on October 9 — 13, 2017
Where again we should expect a rebound and continued growth of the pair with a potential target near the level of 0.7550. In favor of the growth of NZD/USD is the test of the support area on the indicator of relative strength index (RSI). The cancellation of the growth option will be the fall and breakdown of the area of 0.6950, which will indicate the continuation of the NZD/USD pair decline.
Important news from New Zealand, which may have an impact on the New Zealand Dollar, is not expected, so the pair will continue to move in the technical analysis.
NZD/USD weekly forecast on October 9 — 13, 2017 suggests a rebound from the lower boundary of the Wolfe model with a potential growth target above 0.7550, in favor of growth is the support area test on the relative strength indicator (RSI).
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