The currency pair New Zealand dollar NZD USD continues to test the region close the neckline. At the moment, preserved potential for falling New Zealand dollar quotations in the area below the level of 0.70 in the rebound from the line Neck reversal pattern Forex Head and Shoulders.
NZD USD Forecast on November 23, 2016
Cancellation option of falling can be a strong growth of quotations NZD USD higher than 0.72, which indicates the continuation of upward correction for the pair. We continue to hold to sell the pair and are ready to increase the volume of sales with a decrease in development.
NZD USD Forecast on November 23, 2016 suggests an attempt to rebound from the line of the neck and continuing downward trends with a view to a level below 0.70 areas.