Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continue to trade down, and at this point can be seen the structure of the movement for the pair as a forex model Triangle. With the breakdown of the lower boundary of the model is expected to accelerate the fall of quotes NZD USD to below 0.7050.
NZD USD Forecast New Zealand Dollar on November 1, 2016
Cancellation option will be a strong growth of quotations of the pair and the breakdown of 0.7170 area, which point to a continuation of the development of upward correction for the pair. We try to keep the NZD USD sell with a close stop.
NZD USD Forecast New Zealand Dollar on November 1, 2016 assumes fall in an attempt to start mining within forex triangle patterns with the potential to reduce to below 0.7050 area.