Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to develop an upward trend, and at the moment there is a potential for the formation of the descending wave pattern Wolfe forex with a view to fall below the level of 0.7050. However, to complete the model, it is important to see a test of the upper boundary of the model at a level above the area of 0.7310.
Forecast Forex New Zealand Dollar on November 3, 2016
Cancellation option will be a strong growth of quotations NZD USD pair above the level of 0.74, which points to continued growth in the New Zealand dollar quotes.
Forecast Forex New Zealand Dollar on November 3, 2016 assumes complete wave pattern Wolfe and continue falling to below the level of 0.7050.