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New Zealand Dollar 7580 Now Support

New Zealand Dollar 7580 Now Support

2011-02-21 15:53:00
Jsaettele,
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Weekly Bars

eliottWaves_nzd-usd_body_nzdusd.png, 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.

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