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New Zealand Dollar Test Bids Below .6700

By Sam Shenker
19 July 2005 08:42 GMT
New Zealand dollar remained in a tight range as Kiwi bulls continued to establish a flag pattern on the daily charts, with a break out most likely aiming for the offers around the .6900 figure. As the price action remains quiet, a move to the downside will most likely see the pair find supporting bids around the .6675 mark. Indicators favor a short-term move to the upside with ADX continuing to decline at 36.83 with vitality remaining high.

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19 July 2005 08:42 GMT