The currency pair New Zealand dollar NZD USD finished the trading week slightly adjusted. At the moment, there is potential for the New Zealand dollar continued falling of quotations as a continuation of mining reversal forex model head and shoulders in order to reduce the level below 0.67 area.
Forex NZD USD Forecast on November 28 — December 2, 2016
Cancellation option will be a strong growth of quotations NZD USD above the level of the right shoulder, but this version is unlikely. We continue to hold to sell the pair and are ready to increase the volume of sales with a decrease in development. Also do not forget about the mining Wolfe downward wave for the purpose of falling below the 0.65 area. Among the important news from New Zealand that could affect the course is to provide a pair of the Financial Stability Report of the Reserve Bank of New Zealand, which will be presented November 29, 2016, and November 30 the governor of the Reserve Bank of New Zealand will deliver a speech.
Forex NZD USD Forecast on November 28 — December 2, 2016 suggests an attempt continuation of falling of pair within the mining reversal pattern Forex Head and Shoulders.