Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade in line with expectations, and currently reached the nearest target and support level. At the moment, preserved potential for continuation of falling of pair of quotes in the area below the 0.66 level within the framework of working out a bearish wave pattern Wolfe, but do not rule out attempts to develop upward correction for the pair.
Analysis and Forecast FOREX NZD USD October 12, 2016
We continue to keep selling the pair, but do not try to build up new positions here.
Analysis and Forecast FOREX NZD USD October 12, 2016 suggests an attempt of correction in the rebound from the support area on the indicator of relative strength, then we can expect continuation of falling of pair of quotes.
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