New Zealand Dollar Technical Outlook

Published March 5th, 2008 - 06:50 GMT
Al Bawaba
Al Bawaba



 

The short term count in the NZDUSD is eluding us.  There is potential support near .7900 from a line drawn off of reaction lows from 2/5 and 2/13.  A drop to here could complete an a-b-c decline from .8213 and give way to a big rally.  This would fit with the AUDUSD outlook.