New Zealand Dollar Technical Outlook

Published May 9th, 2008 - 06:26 GMT
Al Bawaba
Al Bawaba

We are showing a very short term chart this morning for timing purposes.



We have focused on the bigger picture recently and expect a major decline in the coming weeks and months.  Although the major top is probably in place at .8215, the fastest part of the decline is probably about to begin. 

STRATEGY: Bearish, against .7747, target TBD