Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade within the descending pattern Wolfe waves. A potential target of the fall and refinement of this model is the area on the level below 0.7050.
NZD USD Forex forecast on July 13, 2016
Cancellation option of falling of pair NZD USD will be strong growth of quotations above the level of 0.73, which can cause continued growth of the New Zealand dollar to above 0.75 level. An additional signal in favor of falling of pair NZD USD will be the formation of reversal pattern on the head and shoulders shorter periods of time, it is important to see a correction in the area above the level of 0.7250, where one can try to sell the currency pair with the tight table.
NZD USD Forex forecast on July 13, 2016 assumes a continuation of the fall in the framework of working out a bearish wave pattern Wolfe.
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