Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the formation of the descending wave Wolfe with a view to fall below the level of 0.7050. We have to keep selling the pair with the tight stop and are ready to increase the volume of sales of NZD USD as of the fall.
NZD USD Forecast and Forex analyst on November 9, 2016
Cancellation option will be a strong pair of quotes growth above the level of 0.74, which indicates the likely correction higher. An additional signal in favor of a New Zealander fall is the formation of reversal pattern Forex failure swing on the indicator of relative strength.
NZD USD Forecast and Forex analyst on November 9, 2016 suggests an attempt to drop within Wolf wave start mining in order to reduce the level of 0.7050.