FOREX ALERTS >>
DailyFX Plus Login

nzd technicals

Article

New Zealand Dollar Technical Outlook
Thursday, 02 July 2009 14:15:45 GMT  |  Jamie Saettele, Senior Currency Strategist
Delicious
Facebook

My focus remains on the longer term structure, especially the rally from .4890, which is a textbook zigzag.  Waves A and C are equal (and price reversed at the 50% retracement of the decline from .8219), which is common.  As mentioned in recent days, “the uneasy sentiment remains here since the recent decline is more corrective than impulsive.”  A close below the support line shown above would bolster the bearish cause. 

More Articles

Feedback Form