Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the bull model of the Wolfe wave. At the moment, there is potential for rebound and growth of the pair above the level of 0.7350. In favor of the growth of the pair will perform a test of the support line on the indicator of relative strength.
NZD/USD forecast & technical analysis on September 5, 2017
Expect to accelerate the growth of quotations NZD/USD is worth a breakdown of 0.72. 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 5, 2017 suggest a rebound from the lower bound of the upward wave model of Wolfe for growth above 0.7350, an additional signal in favor of growth is the trend line test on the relative strength indicator (RSI), the drop will be a break and a breakdown area of 0.71.
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