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New Zealand Dollar Technical Outlook

Tuesday, 22 July 2008 14:10:03 GMT

Written by Jamie Saettele, Technical Currency Analyst

The NZDUSD fell sharply yesterday but a drop below .7587 is required in order to make the decline from .7761 an impulse and suggest that the trend has turned back down.

Until then, gains (albeit correctively) are still possible.

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