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Dear Colleagues, this pairs is going down inside the channel you can see in the daily chart and from the monthly chart we can see that there is still rooms to go down. At beginning of February 2014 it should be around the black support at 0.78.
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NZDUSD Triangle
Dear Colleagues, my view on NZD USD is short as you can see from the charts.
The prices will break down after the second triangle at about 0.822 and
they will reach at the beginning of January 0.78 where is a very strong
support. Even if the prices will reach this support before, the prices
will remain around it for a long period.
The prices will break down after the second triangle at about 0.822 and
they will reach at the beginning of January 0.78 where is a very strong
support. Even if the prices will reach this support before, the prices
will remain around it for a long period.
NZD/USD Forecast
This currency is going to break the upper resistance of the rectangle (see first figure). In my view during next weeks, NZDUSD will breake this resistance and go up towards resistance at 0.8428. Then it will retrace a little bit.The target will be 0.8325.