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New Zealand Dollar Technical Outlook

Monday, 24 November 2008 14:03:42 GMT

Written by Jamie Saettele, Senior Currency Strategist

There is quintuple divergence with RSI on the daily NZDUSD chart, which warns of a reversal. 

Friday’s inside day reinforces the potential reversal to the upside.  Staying above .5282 keeps the short term trend bullish. 

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