RBNZ should be happy because the fall of NZD would help the countries economy. As we expected in our FX: New Zealand Dollar’s Fall is Heping the Country Economy the price has found a temporary support at 0.8160. Now is trading under and might target 0.8000.
Seems that Greece has done a good job after it got the loans, because Fitch has a positive outlook for its economy as we saw in one of our last week short publishing: Fitch’s rating for Greece is back to B-.
After a 10% drop Apple is signaling a recovery. See our analysis on Apple Inc. Might Pullback 20% and Retest 500% Level. More optimistic fans of this company are expecting even 125% recovery….could this be the bottom of the correction?
Don’t forget also to take a look at our Trade Setups, they are not yet activated so you might have another chance: Trade Setup Hewlett-Packard Co. on Trend Continuation & Trade Setup Campbell Soup on Divergences.
We did not forget neither EURUSD…just a little more to fall before confirming a beautifull Head and Shoulders Pattern, for more details you can look at FX: EURUSD is Drawing a Head and Shoulders.