Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to fall within the beginning of working out a reversal forex head and shoulders pattern, with the breakdown of the neck line is expected to continue falling quotations in the area below the level of 0.66. At the moment, there is potential for a rebound of quotations from the neckline at 0.7120 area, where once again we can expect an attempt to drop the New Zealand dollar down further quotations.
NZD USD Forecast New Zealand Dollar on November 15, 2016
Cancellation option may be the continued growth of quotations above level 0.7150, which will point to continued growth in the region above the level of 0.7270. We continue to hold the sale NZD USD and are ready to increase the volume of sales after a minor correction and a breakdown of the level of the neckline a reversal pattern Forex Head and Shoulders.
NZD USD Forecast New Zealand Dollar on November 15, 2016 involves the correction attempt, and continued falling within start mining forex reversal patterns with the potential to decrease below the level of 0.66.