New Zealand Dollar Technical Outlook

Published August 19th, 2008 - 05:38 GMT
Al Bawaba
Al Bawaba

The NZDUSD countertrend advance is much more mature than the other USD pairs (some of which may have not even started countertrend advances). 



In fact, the pair is already near the Fibo zone, which begins at .7182.  Look for resistance near there.