Further interim decline is expected, down to a probable 2.00913 support, defining a low-exposure entry point against a shallow Stop. Limit is defined based on ideal technical circumstance, where a near-perfect combination of alignment between Fibonacci + 2 prop patterns + predictive/forecasting model data has occurred.
GEOMETRIES: - Janus Pattern (prop.) - Great White Pattern (prop.)
FUNDAMENTALS: - Expecting further decline in NZD based on recent bearish dairy commodities price data - Commodities-wide outlook remains bearish and likely to continue propagate thru dairy price - OCR rate (3.5% - unchanged) adds pressure to NZD; offers further downside - GBP rate (0.5% - unchanged) remains low; offers very little little downside - NET impact is most bearish on commodity-based NZD
OVERALL: - DIRECTIONAL BIAS = Neutral until triggers/invalidation occurs - Probability highest towards further price decline (favors WCS) - Strat based on defined structural data
David Alcindor Predictive Analysis & Forecasting Denver, Colorado - USA
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