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New Zealand Dollar Technical Outlook

Tuesday, 13 May 2008 14:37:33 GMT

Written by Jamie Saettele, Technical Currency Analyst

We wrote Friday that “although the major top is probably in place at .8215, the fastest part of the decline is probably about to begin.”

This specific outlook holds as long as price is below .7727 (red line) although the larger bearish bias is valid below .7935. 

STRATEGY: Bearish, against .7727, target TBD

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