The currency pair New Zealand Dollar NZD/USD is testing resistance area densely descending pattern Wolfe waves. The purpose of the fall and testing of such a model is the area on the level below 0.66.
Weekly Forecast NZD USD June 20, 2016 — June 24, 2016
Cancellation option quotations falling NZD USD will be strong growth of the pair above the 0.72 level, in this case it is necessary to expect continuation of growth of quotations of the New Zealand dollar against the US dollar. An additional signal in favor of the fall is the formation of reversal pattern failure swing on the relative strength indicator, which indicates the level of support penetration of below 0.70.
Weekly Forecast NZD USD June 20, 2016 — June 24, 2016 suggests beginning a pair of quotes fall within mining bearish wave Wolfe to reduce to below 0.66.
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