Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continued to rise in line with expectations. At the moment there is a potential for falling NZD/USD quotes as part of the descending pattern 5-0. A potential target of the fall is the area on the level below 0.66.
NZD USD Forex Forecast — June 8, 2016
Cancellation option may be an increase in quotes above level 0.6990, which will cancel the descending pattern 5-0. An additional signal to the fall of quotations NZD USD will be the formation of the head and shoulders pattern on the indicator of relative strength. NZD USD Forex Forecast — June 8, 2016 assumes the upper limit of the test level 5-0 model and the continuation of falling of quotations NZD USD.
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