nzdusd

New Zealand Dollar vs US Dollar

NZD/USD

Update 15/06/2015

I have been watching this pair closely over the last few weeks, alongside NZD/JPY for an upcoming 40 week trough. Long term phasing is bearish but definitely worth a long out of the forthcoming low:

NZDUSD_£__daily_15_06_2015A closer look at the shorter cycles reveals pretty good cyclic action, something that is always good to see! Only slight doubt I have about this phasing is the placement of the most recent 80 day cycle low. A possible placement was the 1st of April but I think the current placement has a higher accuracy according to recent cycle averages. A strong move over the next few days and across the 20 day FLD will confirm the 40 week. Price should also easily move above the 40 day VTL (blue).

NZDUSD_£__daily_15_06_20152

 

 

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