The currency pair New Zealand dollar NZD USD finished the trading week at 0.7163. At the moment, preserved potential for falling NZD USD quotes at the beginning of working out the framework bearish Wolfe wave model.
Forex NZD USD Forecast on October 31, 2016 — November 4, 2016
Cancellation option will be a strong growth of quotations of the New Zealand Dollar higher than 0.76, which indicates the abolition of forex model and the continued growth of quotations. In favor of the fall will be a breakdown of the uptrend line on the pair. We continue to hold to sell the pair and are ready to build new ones as of the fall.
Forex NZD USD Forecast on October 31, 2016 — November 4, 2016 suggests an attempt to fall within the beginning of working out a bearish Wolfe wave forex model with the potential to reduce the level below 0.65 area.