New Zealand Dollar Technical Outlook

Published August 22nd, 2008 - 09:41 GMT
Al Bawaba
Al Bawaba

The rally from .6824 is likely wave A of an A-B-C correction. 



 Wave A took the form of a diagonal (leading).  The next move should be lower in a B wave to at least .7038 and perhaps the 61.8% at .6973.