Quotes of the currency pair New Zealand Dollar against the US Dollar NZD USD continues to trade outside of the wedge model, but the goal of the model have not been achieved. Therefore, in the near future we expect to try a New Zealander quotations drop to below 0.70 level within the framework of completion of work on the model.
NZD USD rate forecast New Zealand Dollar on August 31, 2016
Cancellation option will be strong growth in USD NZD quotes in the area above the level of 0.74, which points to the abolition of the model and the continued growth of quotations of the pair. An additional benefit of the fall is the signal generation model The flag continued to fall.
NZD USD rate forecast New Zealand Dollar on August 31, 2016 assumes the continuation of the decline from the breakdown of a local minimum area for the purpose at a level below 0.70 area.
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