New Zealand Dollar at 200 day Average
Prepared by Jamie Saettele
The NZDUSD continues to decline, adhering to the 3rd wave interpretation of wave structure. The drop below 7342 makes a strong case that the NZDUSD completed wave b of a flat in late 2010 and is headed for an eventual drop below 6560. Risk can be moved to 7655. A 100% extension at 7191 is a near term objective.
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