Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move as part of the formation of the «Head and Shoulders» reversal pattern. It is expected to continue the growth of the pair on Forex in the area above the level of 0.7400 and then start falling to the area below 0.6950.
NZD/USD forecast & technical analysis on August 22, 2017
Canceling the variant of working out the «Head and Shoulders» reversal model will be the breakdown of the local maximum area, which will indicate the continued growth of the pair. Expect to accelerate the fall of quotations is with the breakdown of the level of 0.72.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move in the technical analysis NZD/USD.
NZD/USD forecast & technical analysis on August 22, 2017 involves an attempt to complete the formation of the «Head and Shoulders» reversal model near the 0.74 area and start a decline with a target below 0.6950.
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