Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the formation of reversal pattern Forex Head and Shoulders, retained the potential to accelerate the drop in prices and decrease in pair with the breakdown of the neckline.
NZD USD Forex New Zealand Dollar forecast on February 6, 2017
The purpose of the fall is the area of the pair quotes at 0.7060 below. Cancellation option will update the local maximum field that points to continued growth of quotations in the area above the level of 0.74.
We try aggressive selling the pair with the tight stop, ready to increase the volume of sales with a decrease in development. Important news from New Zealand is not expected, so the pair will continue to move in the technical analysis of the NZD/USD.
NZD USD Forex New Zealand Dollar forecast on February 6, 2017 suggests an attempt to fall within the beginning of working out a reversal pattern Forex Head and Shoulders, the cancellation will be the breakdown of the maximum area.
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