Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to fall within the framework of the development of a rebound from a broken neck line reversal pattern Forex Head and Shoulders. The purpose of the fall is the area on the level below 0.66 areas.
NZD USD Forecast New Zealand Dollar on November 25, 2016
Cancellation option will drop strong price growth above the right shoulder-level models that point to a reversal of the current trend. We continue to hold the sale of the New Zealand dollar and are ready to increase the volume of sales to the extent of the fall in quotations NZD USD. Tomorrow, at the beginning of the trading day is expected to publish data balance of foreign trade balance in New Zealand 00.45, expect a serious change in the -950M to a level that can support the New Zealand dollar.
NZD USD Forecast New Zealand Dollar on November 25, 2016 suggests an attempt to continue falling in the rebound from the resistance area and continue working off the big reversal forex model’s head and shoulders with the potential to reduce the lower area of 0.66, the cancellation option rapid decline will be a strong growth and a break area 0.71 closing price.
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