Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to trade within the descending pattern Wolfe waves. At the moment, there is the potential for the growth of quotations NZD USD in the area above the level of 0.73 to complete the right shoulder reversal pattern Forex Head and shoulders that will point to a continuation of falling of quotations pair.
NZD USD Forecast New Zealand Dollar on September 5, 2016
Cancellation option will update the local maximum region. An additional signal to drop a pair of New Zealand dollar against the US dollar stands the test downward trend line on the indicator of relative strength.
NZD USD Forecast New Zealand Dollar on September 5, 2016 0.73 implies a test area in an attempt to complete the framework of a reversal pattern Forex Head and shoulders, then we should expect a fall.
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