Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move through the formation of a bearish pattern Wolfe waves for the purpose of falling below the level of 0.7050. However, at the moment we should not exclude an attempt to increase quotations and test the upper boundary of the model, and only then start falling New Zealand dollar quotes.
NZD USD forecast New Zealand Dollar Forex on November 7, 2016
An additional signal in favor of fall comes the test the resistance line on the display ostineotln6oy force, which also involves the reduction of quotations NZD USD in the near future. Cancellation option will be a strong growth of quotations of the pair above the 0.74 level, which will point to the abolition of the model and the continued growth in the forex New Zealander. We are already trying to aggressive sales, but we are ready with the average position of the test the upper boundary of the model.
NZD USD forecast New Zealand Dollar Forex on November 7, 2016 suggests an attempt to fall within the beginning of the descending pattern forex Wolfe wave to decrease below the level of 0.7050.