New Zealand Dollar Consolidation Reigns

Published January 21st, 2008 - 01:40 GMT
Al Bawaba
Al Bawaba

Commentary:  The Kiwi continues to trace out one of the longest consolidation patterns in the majors as it  moves between 790 0-7400 zone. Range traders may choose to play the well established boundries, but we are sidelined awaiting the resolution of the price action.
 
Strategy:  Flat