The pair NZD USD New Zealand dollar showed a drop of the local maximum level. At the current trading week is expected to continue falling quotes NZD USD within the mining model bearish Wolfe wave with a potential target of the fall below the level of 0.66.
NZD USD Forecast for the week July 18, 2016 — July 22, 2016
Cancellation option will be a strong growth of quotations NZD USD higher than 0.73, which indicates the potential growth further. We continue to keep selling the currency pair New Zealand dollar against the US dollar and are ready to increase the volume of sales to the extent of the downward trend. An additional benefit of a signal drop in prices from New Zealand in the next trading week in favor of formation of topping model failure swing in the relative strength indicator, which also suggests a drop to below 0.70.
NZD USD Forecast for the week July 18, 2016 — July 22, 2016 assumes fall within the mining of several signals for sale with a common goal below 0.66, but do not rule out an attempt to increase the pair NZD USD in the area above the level of 0.72.
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