Quotes of the New Zealand Dollar against the US Dollar NZD/USD close the trading week near the area of 0.7305. At the moment, we should expect a test of the level of 0.7360, from which it is expected to continue falling prices in the area below the level of 0.7010.
NZD/USD weekly forecast on September 11 — 15, 2017
In favor of the fall of the pair NZD/USD will perform a downward trend test on the indicator of relative strength index (RSI). The cancellation of the fall of the pair will result in a strong growth and breakdown of the 0.75 area, which will indicate the continued growth of NZD/USD. In the vicinity of 0.70, we again expect growth to begin within the bullish model of the Wolfe wave.
Important news from New Zealand, which may have an impact on the New Zealand Dollar, is not expected, so the pair will continue to move in the technical analysis NZD/USD.
NZD/USD weekly forecast on September 11 — 15, 2017 suggests a drop test in the area below the level of 0.7010 as part of the completion of the formation of the bullish model of the Wolfe wave, from which it is again expected to continue the growth of the pair.