NZD/USD is little changed from our last report, though the forecast remains the same. It appears the Elliott Wave pattern is incomplete to the downside. Traders need to be made aware of event risk coming up Wednesday November 8 as RBNZ releases its latest interest rate target. The analysis below is presented in advance of the news event so we can keep grounded to the key levels to watch should NZD/USD become volatile in the wake of the release. The Elliott Wave model we are following suggests we are in a wave (iii) lower and this third wave is not yet completed. The key level we are watching is the October 10 low of ... (full story)