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New Zealand Dollar Technical Outlook

Tuesday, 19 August 2008 13:38:19 GMT

Written by Jamie Saettele, Senior Currency Strategist

The NZDUSD countertrend advance is much more mature than the other USD pairs (some of which may have not even started countertrend advances). 

In fact, the pair is already near the Fibo zone, which begins at .7182.  Look for resistance near there.

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