Quotes of the currency pair New Zealand dollar against the US dollar NZD USD continues to trade within a bearish pattern Wolfe waves.
NZD/USD New Zealand Dollar Forecast on July 14, 2016
The purpose of the fall is the area below an area of 0.7050. Cancellation option will be strong growth in NZD USD quotes and penetration level of 0.74. Additional forex signal in favor of the continuation of the falling NZD USD testing the descending trend line on the indicator of relative strength, which implies fall in the New Zealand dollar since the current levels. We continue to hold short positions on the pair and willing to try new sales as of the fall.
NZD/USD New Zealand Dollar Forecast on July 14, 2016 is expected to begin falling within the mining bearish Wolfe wave model to reduce the NZD USD to below 0.7050.
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