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 test of the level of 0.7170, where again we should expect the continuation of growth with a potential target near 0.74.
NZD/USD forecast & technical analysis on September 8, 2017
In favor of the growth of the pair is 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 8, 2017 suggests growth as part of the continuation of the development of the bull model of the Wolfe wave with the potential growth target near the level of 0.74.
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