New Zealand Dollar Technical Outlook

Published June 16th, 2008 - 06:16 GMT
Al Bawaba
Al Bawaba

Near term, a 4th wave is working towards resistance from the 6/11 high at .7578 and the 38.2% of .7891-.7445 at .7615.



However, we do not know what the form of the rally will be.  The most likely patterns to unfold are a triangle or a flat.