9.29.11 NZDUSD Update

As suspected(based on 9.24.11 chart), the pull back occurred and now we may see a continued down trend.....

NZDUSD 9.24.11

NZDUSD may see a retrace next week to the upside. You will notice in the chart, AB=CD is very close to the target price which indicates a potential retrace. Also, there is a wolfewave that formed and is at or reaching point "5" which is also a sign of a retrace to the upside. It may only be a hundred pips or so.... We shall see next week.

Learn about wolfewaves, click on the link below.

http://www.wolfewave.com/what_is_the_wolfewave.htm