New Zealand Dollar to Fresh 2011 Low
Prepared by Jamie Saettele
The NZDUSD has traded to a fresh 2011 low and is again below its 50 day 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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