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New Zealand Dollar Technical Outlook

Monday, 29 September 2008 15:02:00 GMT

Written by Jamie Saettele, Senior Currency Strategist

To repeat from Friday…“the NZDUSD may be nearing the end of a 3 wave movement from the low. 

While this could be the first leg in a triangle or flat, risk is quickly shifting to the downside.”  Expect additional weakness in wave B, to at least the 61.8%; at .6635

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