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New Zealand Dollar Technical Outlook

Wednesday, 10 September 2008 14:24:29 GMT

Written by Jamie Saettele, Senior Currency Strategist

5 waves down from .7921 appear to be complete.  As such, a countertrend move back to the .7200 area or higher is expected. 

This level intersects with the underside of a former support line that was broken in August.

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