New Zealand Dollar Technical Outlook

Published September 2nd, 2008 - 06:36 GMT
Al Bawaba
Al Bawaba

The drop below .6824 indicates that the corrective advance is complete.  



.6880 is short term resistance and the trend is bearish as long as price is below .7067.  An objective (probably a week out) is .6550 (161.8% Fibonacci extension).