Mizuho: the dollar may continue to fall

Dollar over the past six months against all major currencies, in particular at 27%, he sank a pair with the New Zealand dollar. Dollar Index on ICE during this period lost 15%, falling towards historic lows near 70.80 in March 2008. At Mizuho note that, although the latter now looks as oversold as it was then, the current technical picture still does not give reason to talk about the prospect of a change of direction. According to the bank's strategy, confident break below 76.00 (the current index holds about 76.35) will open the way to 72.00, whereas at similar developments in the fourth quarter can be expected to shy testing support near 70.00 points. At Mizuho note that review their expectations about the future prospects of the U.S. currency will make their weekly closing above 79.00 points.