New Zealand Dollar Technical Outlook

Published May 1st, 2009 - 06:23 GMT
Al Bawaba
Al Bawaba

Like the GBPUSD, the NZDUSD is unclear.  The head and shoulders ‘look’ is still there but the decline from .5987 is in 3 waves, which warns of additional upside potential.  Remaining above .5534 keeps bulls in control.