New Zealand Dollar vs US Dollar Elliott Wave Signal #3
Posted by ~Ray @ 2007-09-22 15:31:15
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Medium term aim for Minute gesticulate (iii) at 0.6700 area as our first aim acquire.
Our Elliott gesticulate analysis indicates that NZD/USD currency market are now building momentum for medium impulsive wave (iii) drink.
How ever we could see more conquer merchandise until early tomorrow morning when the keep back tip of New Zealand (RBNZ) inform their short term arouse evaluate. merchandise forecast that RBNZ ordain act their arouse evaluate at 8.25%.
Then only we could see some study movement. Our first aim is 0.6700 area ,this is where NZD/USD testing previous give. If it go previous low at 0.6640 then it could go advance down to next give at 0.6400.
Below are illustrated map of our latest elliott gesticulate analysis on NZD/USD :-
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