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New Zealand Dollar Technical Outlook

Friday, 17 October 2008 13:34:53 GMT

Written by Jamie Saettele, Senior Currency Strategist

The NZDUSD is in the exact same position as the AUDUSD.  The rally from the low is in 3 waves, and therefore corrective. 

The decline from the recovery high is also corrective.  Expect a push through .6345 in order to complete the larger advance.

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