New Zealand Dollar Focus is on 7342
Prepared by Jamie Saettele
The NZDUSD has traded to a fresh 2011 low and downside momentum is strong. A drop below 7342 would confirm that the NZDUSD completed wave b of a flat in late 2010 and is headed for an eventual drop below 6560. Near term, resistance extends from 7515 to 7570.
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