Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move in line with expectations. At the moment, there is potential for rebound and growth of the pair above 0.7350 as part of the start-up of the bullish model of the Wolf wave.
NZD/USD forecast & technical analysis on September 1, 2017
Where you can again try to sell the pair. In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI). Expect to accelerate the growth of quotations NZD/USD is with a breakdown of the level of 0.7180. The cancellation of the growth of the New Zealand Dollar quotations will result in a drop and breakdown at the level of 0.71, which indicates that the decline continues below the 0.7020 area.
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 within the technical analysis NZD/USD.
NZD/USD forecast & technical analysis on September 1, 2017 suggests an attempt to rebound from the lower boundary of the bullish wave model of Wolfe for the target of growth above 0.7350, an additional signal in favor of growth is the trend line test on the relative strength indicator (RSI), area of 0.71.
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