New Zealand Dollar Technical Outlook

Published May 19th, 2008 - 06:17 GMT
Al Bawaba
Al Bawaba

Kiwi has reversed in impressive fashion.



The break through .7727 negates the near term bearish bias.  The Fibo zone at .7783/.7850 is potential resistance.  There are 5 waves up from .7536, indicating additional bullish potential.  Look for support at .7682.