New Zealand Dollar Technical Outlook

Published July 30th, 2009 - 06:14 GMT
Al Bawaba
Al Bawaba


Yesterday’s NZDUSD decline found support at the 38.2% of the rally from .6193.  A drop below .6467 exposes Fibonacci and structural support in the .6380-.6420 zone.  The specter of a EURUSD bullish triangle suggests that a drop to there will be corrective.