Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move through the descending forex model 5-0 with the potential to reduce the level below 0.70 area. We continue to keep selling the pair aggressively increasing our sales of NZD USD with a close stop.
NZD USD Forecast New Zealand Dollar on December 16, 2016
Cancellation option of falling can be strong growth New Zealander quotes above the 0.72 that will indicate quotations going beyond the upper limit of the downward channel. But do not try to exclude the growth of quotations in the area of 0.7165 within the molding reversal pattern Forex Head and Shoulders.Acceleration of falling of pair of quotes should be expected from the breakdown area of a local minimum. Important news from New Zealand tomorrow is not expected, so the pair will continue to move in the technical analysis of the NZD/USD.
NZD USD Forecast New Zealand Dollar on December 16, 2016 involves an attempt to continue falling in the framework of the descending pattern 5-0 in order to reduce the level of 0.70.
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