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New Zealand Dollar Technical Outlook

Monday, 16 June 2008 14:16:16 GMT

Written by Jamie Saettele, Technical Currency Analyst

Near term, a 4th wave is working towards resistance from the 6/11 high at .7578 and the 38.2% of .7891-.7445 at .7615.

However, we do not know what the form of the rally will be.  The most likely patterns to unfold are a triangle or a flat.

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