New Zealand Dollar Technical Outlook

Published September 29th, 2008 - 07:02 GMT
Al Bawaba
Al Bawaba

To repeat from Friday…“the NZDUSD may be nearing the end of a 3 wave movement from the low. 



While this could be the first leg in a triangle or flat, risk is quickly shifting to the downside.”  Expect additional weakness in wave B, to at least the 61.8%; at .6635