New Zealand Dollar Technical Outlook

Published June 30th, 2009 - 06:32 GMT
Al Bawaba
Al Bawaba


My focus remains on the longer term structure, especially the rally from .4890, which is a textbook zigzag.  Waves A and C are equal (and price reversed at the 50% retracement of the decline from .8219), which is common.  However, the uneasy sentiment remains here since the recent decline is more corrective than impulsive.