Is it rolling over or only correcting in order to make a new high next week? It's a tough question. We have seen three drives
to the top and the trend line
broken and then tested as resistance. This June rally still hasn't retraced by 38.2%, and yet it's in an up trend, and may be on it's way to 1.618 projection of the prior major swing up (market has paused at the 1.472 projection). The NZD has been relatively strong recently (though losing momentum), but the USD - not as weak as a week before. So a decline to the 0.382 retracement
seems to be quite a likely scenario.
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