New Zealand Dollar Technical Outlook

Published July 6th, 2009 - 05:59 GMT
Al Bawaba
Al Bawaba


The short term NZDUSD pattern is the same as the short term EURUSD pattern.  The decline from .6555 is in 5 waves and 5 wave movements occur in the direction of the larger trend.  Initial resistance is at .6350 (former 4th wave extreme).