The pair NZD USD New Zealand dollar continues to decline, and already broke through the line of the neck a large reversal forex head and shoulders pattern, which indicates the continuation of the fall of the New Zealand dollar quotations in the area below the level of 0.66.
NZD USD Forecast on November 21, 2016
At the moment, there is potential for correction to 0.7070 within the mining model bovine Three Indians, but as soon as the completed head and shoulders pattern on the display relative strength is expected to continue falling to below the level of 0.6950. We continue to hold to sell the pair and willing to try new deal with the development of a fall.
NZD USD Forecast on November 21, 2016 suggests an attempt to reduce the continuation after a minor correction to the target of the fall in the level of 0.6950.