Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued to rise and were able to upgrade the region highs.
NZD USD Forex forecast for July 12, 2016
However, at the moment there is a risk of falling in the beginning part of working out a bearish Wolfe wave model with a potential target at a level below 0.730. Cancellation option of falling quotations NZD USD pair will continue to grow above the level of 0.73, which will lead to the cancellation of options with working models of Wolfe waves. An additional signal in favor of falling of pair NZD USD testing the descending resistance line on the indicator of relative strength.
NZD USD Forex forecast for July 12, 2016 suggests an attempt to fall within the framework of the descending wave Wolfe with a potential target at levels below 0.7030 area.
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