The pair NZD USD New Zealand dollar was unable to continue to fall within the beginning of working out a reversal pattern head and shoulders, but on the contrary showed growth and moreover canceled reversal pattern hit area of a local maximum.
NZD USD Forecast for the week July 11, 2016 — July 15, 2016
However, at the moment there is a potential for a drop in prices in NZD USD within the mining bearish wave pattern Wolfe with a potential target at levels below 0.66. An additional signal in favor of the fall is the formation of reversal pattern failure swing on the relative strength indicator, which indicates the penetration level of less than 0.70.
NZD USD Forecast for the week July 11, 2016 — July 15, 2016 suggests an attempt to turn the pair within the working out of the two models with the first goal of the fall in the NZD USD below 0.70.
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