New Zealand Dollar Technical Outlook

Published June 8th, 2009 - 06:09 GMT
Al Bawaba
Al Bawaba


New Zealand Dollar / US Dollar



I wrote Thursday that “the decline from the top (.66) is an impulse.  Expect a corrective advance back to .6400/50 before the resumption of the bear.”  The NZDUSD advanced to .6422 Friday and reversed.  Staying below there keeps bears firmly in control.