Thursday, November 5, 2009

New Possible NZD/USD Counts


Here are 2 new possible Kiwi counts. The retracement so far has been unusually shallow so it would not surprise me if the NZD were to bounce higher again in a double 3 complex correction. It is also possible that the consolidation is over and price is about to drop off rapidly. NZD weakness could have something to do with the unexpected increase in the New Zealand unemployment rate that was just announced: Click here to read more. Yesterday's Trade of the Day initiation price was not hit, and the count we were working off is no longer valid, and so we will no longer be looking to take that position.

No comments:

Post a Comment