The currency pair New Zealand dollar NZD USD continues to test the forex area breached the neckline resistance reversal pattern head and shoulders.
NZD USD Forecast FOREX – May 18, 2016
We continue to hold the sale nzd/usd and we expect continuation of falling and breaking through the level of the local minimum. Moreover, with the development of the fall we are ready to increase the volume of sales. Target of the pattern is still the area at a level below 0.66. Cancellation option will break through the level of the neckline up. Thus, NZD USD Forecast FOREX – May 18, 2016 suggests an attempt to continue falling in the rebound from the neckline model head and shoulders.
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