Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to trade within the forex Wedge pattern. To date, saved the potential for falling NZD USD quotations for the purpose at a level below 0.71.
NZD USD Forecast New Zealand Dollar on August 26, 2016
We continue to hold short positions on the pair with a close stop. Cancellation option will be the fall of the New Zealand Dollar breakout above 0.7430 area, which point to continued growth. An additional signal in favor of the fall is the test of the descending trend line on the indicator RSI.
NZD USD Forecast New Zealand Dollar on August 26, 2016 New Zealand Dollar to attempt involves the breakdown of the lower limit Wedge models and early fall to 0.71 within the mining model.
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