Chinese EspaƱol Thu, 21 Aug 2008
head-search-back
News Calendar Charts Currency Rooms Forum Forex Trading Signals

advertisement

New Zealand Dollar Technical Outlook

Thursday, 26 June 2008 15:16:33 GMT

Written by Jamie Saettele, Technical Currency Analyst

Bigger picture, the NZDUSD is expected to advance to the 50% of .7921-.7445 at .7683 and perhaps even the 61.8%-78.6% at .7740-.7920.

A rally to there would fill the 6/4 gap.  The up-down sequence from .7445 is probably waves A and B.  Wave C is considered underway as long as price is above .7445.  As such, a bullish bias is warranted against .7445 (for a push through .7646).

STRATEGY: Bullish, against .7445, target TBD

< Prev    Next > [ Back ]