Analysis for August 28th, 2012
We may assume that the pair is starting to fall down and form wave (3).
Earlier, the price completed wave 2
in the form of a long zigzag
pattern. In the near term, we can expect New Zealand Dollar to break the local minimum.
At the H1 chart we can see several initial descending waves at a time. The price finished wave (2)
several days ago. Most likely, in the nearest future the pair will continue falling down and form wave 3
Well, it looks like wave 
hasn’t been completed yet, the correction is taking the form of double zigzag
pattern. On the minor wave level Euro is forming wave C
. Most likely, in the nearest future the price will make a reverse and start moving downwards inside wave  of 3
More detailed wave structure is shown on the H1 chart. We may assume that wave B
has been already finished. The price may continue growing up a bit inside wave C
during Tuesday, but in several days it will most certainly make a reverse.