New Zealand Dollar Technical Outlook

Published June 23rd, 2009 - 07:03 GMT
Al Bawaba
Al Bawaba


My focus remains on the longer term structure, especially the rally from .4890, which is a textbook zigzag. Waves A and C are equal, which is common. The NZDUSD unexpectedly exceeded .6474 Friday, thereby negating the short term bearish structure. The bearish implications from the aforementioned evidence remains however.