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New Zealand Dollar Technical Outlook

Friday, 09 May 2008 14:26:54 GMT

Written by Jamie Saettele, Technical Currency Analyst

We are showing a very short term chart this morning for timing purposes.

We have focused on the bigger picture recently and expect a major decline in the coming weeks and months.  Although the major top is probably in place at .8215, the fastest part of the decline is probably about to begin. 

STRATEGY: Bearish, against .7747, target TBD

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