Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to move in the forex bearish wave pattern Wolfe with a view to working out and fall to a level below the area of the local minimum. In favor of the continuation of the fall is the formation of reversal pattern head and shoulders.
NZD/USD New Zealand Dollar Forecast on January 12, 2017
Is expected to accelerate the fall of quotes NZD/USD is a breakdown of the neckline. We already try aggressive sales with the right shoulder-level model with a stop above the maximum level.
An additional signal will also deliver the sample lower boundary of the model triangle on the display relative strength. Important news from New Zealand tomorrow is not expected, so the pair will continue to move in the technical analysis of the NZD/USD.
NZD/USD New Zealand Dollar Forecast on January 12, 2017 suggests an attempt to fall within the framework of the descending wave pattern Wolfe forex with a potential target of the fall to below 0.6850 areas.
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