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New Zealand Dollar / US Dollar
Friday, 20 November 2009 15:50 GMT  |  Written by Jamie Saettele
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Since the top at .7640, NZDUSD decline are impulsive (5 waves) and rallies are corrective (3 waves). The larger trend has turned down and the objective is below .7080 (and probably much lower). Sell rallies into .7330-.7405 against .7530.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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