The currency pair New Zealand dollar NZD USD finished the trading week at 0.7229. At the moment, there is potential for further drop in prices pair NZD USD within the mining bearish Wolfe wave model. Cancellation option of falling currency pair will be stronger growth in the New Zealand dollar and the breakdown of local area high above 0.74 area, which point to continued growth of quotations NZD USD.
Forex NZD USD Forecast 29 August, 2016 — 2 September, 2016
An additional signal in favor of a serious falling of pair as early as next week, trade advocates the formation of reversal pattern head and shoulders on the indicator of relative strength, which also involves the continuation of the fall. We are actively increasing the volume of short positions on the pair and are ready to continue to sell the NZD USD as of the fall, overall aim of improving the model is the area of Wolfe waves at a level below 0.65.
Forex NZD USD Forecast 29 August, 2016 — 2 September, 2016 suggests an attempt to fall within the framework of completion of work on the forex model, cancellation will be strong growth and the breakdown of the area 0.74.
