The currency pair New Zealand Dollar NZD/USD still managed to show a drop in the framework of working out a bearish wave pattern Wolfe. The purpose of the fall of the New Zealander quotations on the next trading week is the area at a level below 0.66.
Forecast NZD USD June 27, 2016 — July 1, 2016
Cancellation option will be the fall of the strong growth of quotations NZD USD above 0.7260 level. An additional signal in favor of the fall is the formation of topping forex head and shoulders pattern on the chart, to complete a model, you need to see a pair of quotations growth in the area above the level of 0.7150, where one can try the tight stop sales.
Forecast NZD USD June 27, 2016 — July 1, 2016 suggests an attempt to test the area of 0.7150, where we can expect the beginning of falling within the mining reversal pattern.
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