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New Zealand Dollar Encounters Resistance

By , Sr. Technical Strategist
03 May 2006 10:33 GMT
Resistance is just above at the 38.2% fibo of .7197-.5991 at .6450 and the 3/15 and 3/16 highs at .6468/71.  The dealer chart shows negative divergence with RSI and as such gives scope to a move down, possible to the 4/24 high at .6371.

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03 May 2006 10:33 GMT