The pair NZD USD New Zealand dollar completely fulfilled the goal of forex reversal patterns failure swing in the current trading week. At the moment, there is the potential to start upward correction in the rebound from the support line on the indicator of relative strength.
NZD USD Forecast for the week July 25, 2016 — July 29, 2016
The aim of growth of quotations NZD USD on the next trading week could be the area above the level of 0.72, which indicates the completion of the formation of topping models forex head and shoulders with a continuation of the fall. Also do not forget about the completion of the bearish Wolfe wave model in order to develop at the level of 0.66, so the growth of quotations NZD USD on the next trading week should be seen as an upward correction. Cancellation option of the growth is the New Zealand dollar against the US dollar will break through the support line on the indicator RSI, which will point to a continuation of the fall.
NZD USD Forecast for the week July 25, 2016 — July 29, 2016 suggests correction attempt in the rebound from the trend line on the indicator of relative strength.
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