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New Zealand Dollar Technical Outlook

Monday, 21 April 2008 13:22:25 GMT

Written by Jamie Saettele, Currency Analyst

With 5 waves up from .7781 and 3 waves down from .8024, it appears that the NZDUSD will at least exceed .8024 and test measured resistance at .8069. 

The decline from .8215 is unclear so a new high in the coming weeks is possible.  Remember though that the long term count strongly suggests a big reversal soon.  We’ll look to sell strength.    

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