New Zealand Dollar Technical Outlook

Published August 6th, 2009 - 06:15 GMT
Al Bawaba
Al Bawaba


The NZDUSD is in the same position as the AUDUSD.  The break to a 2009 high indicates that wave v of C is underway.  Although anticipating a reversal, there is no evidence of one yet.  Potential resistance is at .6958. Only a drop below .6467 would suggest that a top is in place.