New Zealand Dollar Technical Outlook

Published May 13th, 2008 - 06:37 GMT
Al Bawaba
Al Bawaba

We wrote Friday that “although the major top is probably in place at .8215, the fastest part of the decline is probably about to begin.”



This specific outlook holds as long as price is below .7727 (red line) although the larger bearish bias is valid below .7935. 

STRATEGY: Bearish, against .7727, target TBD