New Zealand Dollar Technical Outlook

Published March 18th, 2008 - 08:42 GMT
Al Bawaba
Al Bawaba

An ending diagonal is either underway from the 1/22 low at .7494 or nearly complete.  It is possible that this is the top of wave 5 and the entire rally from .6639. 



Under this scenario, larger wave C would begin now (and eventually come under .6639).