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New Zealand Dollar Technical Outlook

Tuesday, 07 October 2008 13:00:36 GMT

Written by David Rodriguez, Quantitative Analyst

A New Zealand Dollar/US Dollar break below key support leaves it very much at risk for a medium-term move below 0.6000. Shorter-term, the NZDUSD remains within a choppy range between 0.6162 and 0.6430.

Given an overall NZDUSD-bearish forecast, we would concentrate on selling rallies through upcoming trade.

 

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