Quotations of the currency pair New Zealand Dollar against the US Dollar NZD/USD continue to move in the fall. At this point, we should expect the continuation of the decline in quotations in the area below the level of 0.7120. Once again, it is worth trying the buying and continuing the growth of quotations above the level of 0.7385 within the beginning of the development of the bullish wave model of Wolfe.
Forex forecast & analysis NZD/USD on September 15, 2017
In favor of the growth of the pair will perform a test of the support line on the indicator of relative strength index (RSI). Cancellation of the variant of growth of quotations of the New Zealand Dollar to Forex will be the fall and breakdown of the area of 0.7050, which will indicate the continuation of the decline below the area of 0.6950.
Important news from New Zealand, which may have an impact on the NZD/USD exchange rate, is not expected, so the pair will continue to move within the technical analysis NZD/USD.
Forex forecast & analysis NZD/USD on September 15, 2017 suggests an attempt to fall below 0.7120, from which it is expected to continue the pair’s growth as part of the development of the bullish wave model of Wolfe, the cancellation of the growth will be the breakdown of the 0.7050 area.
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