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 a rebound and a test of the level of 0.7220, where again we should expect the continuation of growth.
NZD/USD forecast & technical analysis on September 6, 2017
Expect to accelerate the growth of quotations NZD/USD is with a breakdown of 0.73. 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 6, 2017 presupposes an attempt to continue the pair’s growth as part of the development of the bullish wave model of Wolfe with a target above 0.7350, the fall will be a breakdown and the breakdown of the 0.71 area.