Quotes of the New Zealand Dollar against the US Dollar NZD/USD close the trading week near the area of 0.7324. At the moment, we should expect an attempt to continue the decline in the area below the level of 0.7050 as part of the formation of the bullish wave model of Wolfe. Where can we expect a rebound and continued growth of the pair.
NZD/USD weekly forecast on September 25 — 29, 2017
In favor of the NZD/USD decline, a downtrend test on the relative strength indicator (RSI) will perform. Cancellation of the fall option will be a breakdown of the area of 0.7550, which will indicate the continued growth of NZD/USD.
Among the important news from New Zealand, which may have an impact on the New Zealand Dollar exchange rate, it is worth highlighting: The decision of the Reserve Bank of New Zealand at the basic interest rate.
NZD/USD weekly forecast on September 25 — 29, 2017 suggests an attempt to fall to the area of the lower boundary of the Wolfe wave model at the level of 0.7050, where it is expected to continue the growth of the pair.
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