So far price has move in the predicted direction defined on March 08th, 2014, and in that process hit both targets defined that day as "TG-1 = 0.85950 - 08 MAR 2014" and "TG-2 = 0.86656 - 08 MAR 2014" - Here is the original NZDUSD chart, analysis and forecasting: .
At this point, the analysis on the long-term outlook remains unchanged, except for an additional target, namely:
TG-3 = 0.88099 - 29 MAR 2014
As the historical structure-high correlates well with this, and price continues to look beyond (as far up as TG-Hi = 0.94656 as a low-probability target defined on March 08th, 2014), I am continuing to like this play.
This means that on the AUDNZD cross, a downturn is expected to have occurred already, as price rolled following a Pattern completion at 1.06982.
In addition, AUDUSD has given off enough signals, as to trigger this shared trade I initiated most recently:
NZD is well bid based on a fundamental narrative originating from a supportive of its , while world-market are still sitting and watching dubiously at China, where a real-estate and unabated lending-fed financial bubbles are expected to send ripples across commodity markets.
As the Yuan continues to decrease, remember that small importing countries in the outskirts of China will see this as net loss in their export to China, possibly triggering a reactive wave of currency depreciation throughout these competing economies.
So, who do you think will benefit?
... $USD is the only current leverage these smaller economies can turn to and buy to depress their own currencies. So, watch $Gold bears coming out, and look for reinvigorated USDollar index while you are at it.
Predictive Analysis and Forecasting
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My predictive analyses and forecasting highlight the current prevalent trend and the probability of ever reaching a price level. There is no timing involved. Just one-way road signs. I have concentrated my research on defining top/bottom reversals and S/R. Timing is out of my reach.