Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the downward trend. At the moment, there is potential for further fall of quotations to reduce to below 0.69 area under the mining forex bearish wave pattern Wolfe.
NZD USD Forecast New Zealand Dollar on January 10, 2017
Cancellation option will be a breakdown of the mining model region 0.7075 closing prices that indicate the continuation of an upward correction for the pair.
In favor of reducing the quotation NZD USD will perform sample support area on the indicator of relative strength. 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 January 10, 2017 suggests an attempt to fall within the framework of the descending forex wave pattern Wolfe with a potential target of the fall to a level below 0.69 area.
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