Quotes of the New Zealand Dollar to US Dollar NZD/USD close the trading week near the area of 0.7280. At this point, we should expect a rebound attempt at the 0.7385 level and then continue falling below the level of 0.70, within the framework of the beginning of the development of the «Head and Shoulders» reversal model.
NZD/USD weekly forecast on August 14 — 18, 2017
In favor of the fall of the pair NZD/USD will perform a test of a broken trend line on the indicator of relative strength. The reversal of the fall of the pair will be a strong growth and breakdown of the area of 0.76, which will indicate the continued growth of NZD/USD.
Among the important news from New Zealand on the following trading week, which can have an impact on the NZD/USD exchange rate, it is worth highlighting: The change in the volume of retail trade.
NZD/USD weekly forecast on August 14 — 18, 2017 suggests an attempt to increase the quotations in the area above the level of 0.7385, where again we should expect the pair to continue falling as part of the start of the development of the «Head and Shoulders» reversal model.
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