New Zealand Dollar Technical Outlook

Published February 21st, 2008 - 07:16 GMT
Al Bawaba
Al Bawaba


We wrote yesterday that “the count that we have presented above treats the rally from .7781 to .7927 as wave 1 in a 5 wave advance.  The drop today presents an opportunity to get long against .7841.”  The most bullish count places the NZDUSD as ready to break out from a series of 1st and 2nd waves.  There are no finite targets yet.