The currency pair New Zealand dollar NZD USD finished the trading week at 0.7293. despite the attempt of growth of quotations after the release of US unemployment data pair is not able to update the local maximum region, indicating the potential continuation of falling of quotations NZD USD at the beginning of the next trading week.
NZD USD Forecast on September 5, 2016 — September 9, 2016
An additional signal in favor of the fall is the formation of topping models forex head and shoulders on the daily chart of the pair, which indicates the completion of the right shoulder and the continuation of the model is already falling from the current levels. Cancels options mining model can become a strong growth of quotations NZD USD in the area above the local maximum level.
NZD USD Forecast on September 5, 2016 — September 9, 2016 assumes the fall of the New Zealand dollar as part of the beginning of the mining model, head and shoulders with a potential target at levels below 0.70 area.
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