Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to trade within a bearish pattern Wolfe waves, and also are continuing formation of reversal pattern Forex Head and Shoulders.
NZD USD Forecast New Zealand Dollar on September 7, 2016
We try to increase the volume of sales of NZD USD to close above the level of the table of a local maximum and the right shoulder head and shoulders pattern. Is expected to accelerate the fall of the New Zealand dollar mill breakdown of the neckline, which will show a drop to below 0.71. An additional signal in favor of the fall is the test of the descending trend line on the indicator of relative strength.
NZD USD Forecast New Zealand Dollar on September 7, 2016 suggests an attempt to fall within the mining forex head and shoulders pattern with a view to the field below 0.71.
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