NZD/USD Horizontal Support Zone Stretches to .6450s
Chart Prepared by Jamie Saettele, CMT
-There is no change to the last update. “October was the best month for NZD/USD since September 2013. So, is this a trend change or just a bounce within the downtrend. That question might be answered with how the rate trades around .6500 (was support in July and August. The burden of proof is on bulls to step up in order to suggest that the last few months compose a bottoming process rather than just a bear market advance.”
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