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New Zealand Dollar Technical Outlook

Tuesday, 02 September 2008 14:36:54 GMT

Written by Jamie Saettele, Senior Currency Strategist

The drop below .6824 indicates that the corrective advance is complete.  

.6880 is short term resistance and the trend is bearish as long as price is below .7067.  An objective (probably a week out) is .6550 (161.8% Fibonacci extension).

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