The currency pair New Zealand dollar NZD USD continues to trade within the framework of the formation of the descending pattern Wolfe waves. An additional signal in favor of the continuation of falling of quotations NZD USD appears to complete formation of a head and shoulders pattern, which also confirms the idea of trading with a continuation of falling of quotations NZD USD.
NZD USD Forecast for the week 8 August — 12 August, 2016
The immediate goal of reducing New Zealand dollar is the area on the level below 0.69. Cancellation option will drop the pair NZD USD strong growth of quotations and penetration level of 0.73 closing prices that will indicate an continued growth. The overall goal of the fall is a pair on the model of the area of Wolfe waves at a level below 0.66.
NZD USD Forecast for the week 8 August — 12 August, 2016 suggests the New Zealand dollar fall within the mining model head and shoulders with the immediate goal at a level below 0.69.
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