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New Zealand Dollar Technical Outlook

Monday, 19 May 2008 14:17:36 GMT

Written by Jamie Saettele, Technical Currency Analyst

Kiwi has reversed in impressive fashion.

The break through .7727 negates the near term bearish bias.  The Fibo zone at .7783/.7850 is potential resistance.  There are 5 waves up from .7536, indicating additional bullish potential.  Look for support at .7682.

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