Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move within the downtrend. At the moment, the indicator of the relative strength continues to model the formation of head and shoulders for the continuation of the fall and breakdown support line is expected to accelerate the drop in prices pair NZD USD to below 0.70.
Forecast Forex NZD USD on October 14, 2016
Cancellation option of falling New Zealand dollar quotations will be a strong growth of quotations of the pair above the level of 0.71, which provoke the development of upward correction for the pair.
Forecast Forex NZD USD on October 14, 2016 suggests an attempt to continue falling in the framework of the descending forex 1:1 model in order to reduce the area below 06950.
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