Disliked{quote} Skyhok,Where this pair will stop falling? Can it back to .865 area again??ThanksIgnored
This count could be invalidated if it breaks red upper channel line @ 0.8350.
Looking at NZDUSD's correlations, very much to EURUSD and GBPUSD, I think it is moving towards the downside in short term at least.
Currency AUDCAD AUDJPY AUDNZD EURAUD EURJPY EURUSD GBPJPY GBPUSD USDCAD USDJPY
NZDUSD -82.4% -54.7% -96.8% 77.4% 60.6% 94.4% 68.6% 94.2% -90.8% -84.3%
http://www.myfxbook.com/forex-market/correlation
Elliott Wave for optimum entry, exit and risk management of trades