New Zealand Dollar Technical Outlook

Published August 13th, 2009 - 06:35 GMT
Al Bawaba
Al Bawaba


Bigger picture, the NZDUSD is in the same position as the AUDUSD.  The break to a 2009 high indicates that wave v of C is underway and nearing completion.  The rally from .6193 (wave 5) may be unfolding as a diagonal.  If this is the case, then price will poke above .6823 prior to reversing.