الأربعاء، 29 أغسطس 2012

Wave Analysis 29.08.2012 NZD/USD



NZD/USD


Yesterday the market renewed the minimum of wave (1). At the moment the pair is forming the third wave.In the near term, we can expect the price to continue falling down. The target for the bears for the next several days is at the level of 0.7800.




At the H1 chart we can see that the price is moving downwards and forming wave 3. Earlier the pair finished wave (2) in the form of zigzag pattern. Most likely, the price will continue falling down during the next several days.

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