Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued development of correction, but it is already possible to speak about a potential test of the upper boundary of the descending wave pattern Wolfe, indicating a potential pair of quotes falls to below 0.7050.
NZD USD Forecast New Zealand Dollar on November 4, 2016
Cancellation option will be a strong growth of quotations NZD USD higher than 0.74, which points to the continued growth of quotations and a pair of upward movement. We try to sell the pair NZD/USD with a tight stop and are ready to build a new transaction for the benefit of the fall with a decrease NZD USD quotes.
NZD USD Forecast New Zealand Dollar on November 4, 2016 suggests an attempt to decrease beginning in the framework of the rebound from the upper border of bearish forex Wolfe wave model with a view to a potential fall in the level below the 0.7050 area.