Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move as part of the formation of the «Head and Shoulders» reversal pattern. It is expected to continue the growth of the pair in the area above the level of 0.7400 and then start falling to the area below the level of 0.7000.
Forex forecast & analysis NZD/USD on August 18, 2017
Canceling the variant of working out the head and shoulders reversal model will be the breakdown of the local maximum area, which will indicate the continued growth of the pair.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move in the technical analysis NZD/USD.
Forex forecast & analysis NZD/USD on August 18, 2017 suggests an attempt to continue the pair’s growth into the area above the level of 0.7400 as part of the completion of the «Head and Shoulders» reversal pattern, from which it is expected to start the fall.
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