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NZD/USD Classical 02.26

NZD/USD Classical 02.26

2010-02-26 07:14:00
Joel Kruger, Technical Strategist
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nzd2

NZD/USD: Although it is less prominent than in Aud/Usd, the market here has carved out a major double top that ultimately projects a fresh wave of declines down towards 0.6500 over the coming weeks. Look for a fresh lower top now at 0.7080 to be confirmed on a break back below 0.6810.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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