Our preferred count has been that a 1st wave down from .8215 is a leading diagonal and a wave 2 bounce ended at .8033.
The NZDUSD has dropped below .7781, which makes a strong case that a 3rd wave decline is underway. Keep risk at .7879.
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advertisementNew Zealand Dollar Technical OutlookFriday, 02 May 2008 10:40:21 GMT |