Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move as part of the development of the bearish wave model of Wolfe with the potential to fall near the level of 0.7000. At this point, you should expect a rebound attempt in the area of 0.7335 and then continue falling quotations.
NZD/USD prediction & technical analysis on October 3, 2017
In favor of reducing the pair on Forex will test the resistance line on the indicator of relative strength index (RSI). Cancellation of the variant of the New Zealand Dollar forex quotes drop on the forex will be the breakdown of the area of 0.7250, which will indicate the continuation of growth above the level of 0.7350.
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 3, 2017 presupposes a test of the 0.7335 level, from which it is expected to continue the fall of the pair into the area below the level of 0.7000 as part of the development of the bearish wave model of Wolfe, the cancellation of the rapid fall will be the breakdown of the area of 0.7250.