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New Zealand Dollar Technical Outlook

Monday, 28 April 2008 15:29:50 GMT

Written by Jamie Saettele, Technical Currency Analyst

The intraday pattern is not too clear.

However, one possible near term count that fits with the longer term bearish Kiwi and bullish dollar scenario is a 1st wave down from .8215 as a leading diagonal and a wave 2 bounce that has ended at .8033.  As long as price is below .8033, we are bears.

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