Forex forecast of NZD/USD for tomorrow May 17, 2016


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The currency pair New Zealand dollar NZD USD Forex continues to test the area below the neckline is broken, which implies an attempt to continue the reduction of quotations nzd / usd farther down in the mining reversal forex head and shoulders pattern.

Forex forecast of NZD/USD for tomorrow May 17, 2016

Forex forecast of NZD/USD for tomorrow May 17, 2016

The overall goal of the fall is the area below the level of 0.65. Cancellation option will be the development of the mining model, a strong growth of quotations of the New Zealander above the level of the right shoulder, but we are ready to close the sale have price breaks above the 0.6840 level. Thus, Forex forecast of NZD/USD for tomorrow May 17, 2016 suggests a continuation of the fall in the framework of working out the model’s head and shoulders.

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