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, we should expect a fall in quotations to the area of 0.7170, where again we should expect further growth.
NZD/USD forecast & technical analysis on September 7, 2017
In favor of the growth of the pair will make the formation of an inverted model of the «Head and Shoulders». Expect to accelerate the growth of quotations NZD/USD is with a breakdown of the level of 0.7280. 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 7, 2017 suggest a test of the area 0.7170, where we expect the growth of quotations in the area above the level of 0.74, the drop will be a break and the breakdown of the area is 0.71.