Quotations of the currency pair New Zealand Dollar to US Dollar NZD/USD continue to move within the limits of the decline. At the moment, we should expect an attempt to test the level of 0.7010 and start growth in the area above the level of 0.7240 within the beginning of the development of the bullish model of the Wolfe wave.
NZD/USD prediction & technical analysis on October 10, 2017
In favor of the growth of the pair on Forex will perform a test of the support area on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the New Zealand Dollar on Forex will be the breakdown of the area of 0.6950, which will indicate the continuation of the pair’s decline.
Important news from New Zealand, which may have an impact on the exchange rate of the NZD/USD pair, is not expected, so the pair will continue to move in the technical analysis.
NZD/USD prediction & technical analysis on October 10, 2017 presupposes a test of the 0.7010 level, from which it is expected to start the growth of quotations above the level of 0.7240 within the bullish model of the Wolfe wave, the cancellation of the growth variant will be the breakdown of the area 0.6950.