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New Zealand Dollar Technical Outlook
Monday, 08 June 2009 14:09:05 GMT  |  Jamie Saettele, Senior Currency Strategist
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New Zealand Dollar / US Dollar
06-08-09Dailytechs-04

I wrote Thursday that “the decline from the top (.66) is an impulse.  Expect a corrective advance back to .6400/50 before the resumption of the bear.”  The NZDUSD advanced to .6422 Friday and reversed.  Staying below there keeps bears firmly in control.

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