New Zealand Dollar Technical Outlook

Published August 10th, 2009 - 06:51 GMT
Al Bawaba
Al Bawaba


The NZDUSD is in the same position as the AUDUSD. The break to a 2009 high indicates that wave v of C is underway and possibly complete. Although anticipating a reversal, there is no evidence of one yet. Potential resistance is at .6958. A drop below .6467 would suggest that a top is in place.