NZD/USD at Bottom of Horizontal Support Zone
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 .6455-.6500. 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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