I seems that New Zealand dollar is following the same path as aussie, both pair have been sold very heavily in the past month and the momentum is likely to continue to the downside as I don't see any support coming into play until we get near the lows around 0.7400.For the last months New Zealand dollar was trading inside an up channel but since we manage to break the support line channel momentum picked up to the downside. Based on Elliot wave count we still have further downside to move so I'm…
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