Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD is still trading within the descending pattern Wolfe waves. However, at the moment there is a potential for the growth of quotations NZD USD in the region at the level of 0.7320, where one can again expect falling of pair of quotes in the area below the level of 0.7050.
NZD USD Forecast New Zealand Dollar on September 2, 2016
An additional signal in favor of the fall is the test of the descending resistance line that points to continued decline. We continue to hold the sale NZD USD and are ready to increase the volume of short positions on the development of a fall.
NZD USD Forecast New Zealand Dollar on September 2, 2016 implies the pair to 0.7320, from where you can try to sell with a close stop.
