The currency pair New Zealand Dollar NZD/USD at the current trading week showed no test of the rising channel’s lower border, and went to the strong growth.
Forecast NZD/USD for the week June 13, 2016 — June 17, 2016
At the moment, there is potential for the beginning of falling of quotations of the New Zealand dollar in the framework of working out a bearish wave pattern Wolfe with a potential target at levels below 0.66. Cancellation of the quotations falling NZD USD options on the next trading week will be a pair of strong growth in the area above the level of 0.7250. We try to sell the pair with the tight stop and with the development of the fall ready to increase sales.
Forecast NZD/USD for the week June 13, 2016 — June 17, 2016 suggests a drop in prices nzd usd within the beginning of the descending wave of Wolfe.
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