Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to trade within the framework of the completion of the formation of topping model Forex Head and Shoulders. Currently we should expect the beginning of the fall of the New Zealand dollar to below 0.7150.
NZD USD Forecast New Zealand Dollar on September 6, 2016
Acceleration of the fall should not expect a breakdown level of 0.7270. An additional signal in favor of the rapid decline of quotations NZD USD testing the descending trend line on the indicator of relative strength.
NZD USD Forecast New Zealand Dollar on September 6, 2016 suggests a continuation of the fall in the framework of the beginning of the mining model, forex head and shoulders with the immediate goal of reducing to below 0.7150 area.
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