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New Zealand Dollar Technical Outlook

Wednesday, 16 July 2008 12:49:54 GMT

Written by Boris Schlossberg, Senior Currency Strategist

Yesterday we stated that the “next trade for NZDUSD will be a short against .7921.  We’ll wait for now and see how action around this gap plays out.” Today’ very tight price action suggests that consolidation will have more room to run

STRATEGY: EXIT

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