The pair NZD USD New Zealand dollar continued tight test the neckline, at the moment there is a potential for the development of correction before the breakdown of the neckline down.
NZD USD Forecast on November 18, 2016
We continue to keep selling the pair, however, we are willing to increase sales only with the breakdown of the neckline, with a test level of 0.7170, which is expected to complete the development of ascending correction for the New Zealand Dollar.
NZD USD Forecast on November 18, 2016 suggests correction and attempt to continue falling in the framework of working out a reversal forex head and shoulders pattern with a potential to reduce the area below 0.66.
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