New Zealand Dollar Technical Outlook

Published April 21st, 2008 - 05:22 GMT
Al Bawaba
Al Bawaba

With 5 waves up from .7781 and 3 waves down from .8024, it appears that the NZDUSD will at least exceed .8024 and test measured resistance at .8069. 



The decline from .8215 is unclear so a new high in the coming weeks is possible.  Remember though that the long term count strongly suggests a big reversal soon.  We’ll look to sell strength.