The currency pair New Zealand dollar NZD USD finished the trading week upward correction and at the moment has the potential to fall under the mining bearish Wolfe wave model in order to reduce the level below 0.65.
Forex NZD USD Forecast October 24, 2016 — October 28, 2016
In favor of the fall and also supports the formation of the descending pattern forex 5-0 on the relative strength indicator, which indicates a drop since the current levels, will be the abolition of the breakdown of the descending channel on the upper limit of the relative strength indicator.
Forex NZD USD Forecast October 24, 2016 — October 28, 2016 suggests an attempt to continue falling in the framework of the beginning of the descending forex model Wolfe waves order to fall below the level of 0.65, cancellation scenario will be a strong growth of quotations NZD USD higher than 0.75, which indicates the continuation growth.
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