New Zealand Dollar 7580 Now Support
Prepared by Jamie Saettele
After trading to a fresh 2011 low, the NZDUSD rebounded to close at its 13 week average. A drop below 7342 is needed in order to confirm that the NZDUSD completed wave b of a flat in late 2010. Until then, bullish potential does remain with the setback from 7975 serving as consolidation.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.