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NZD/USD Classical 05.28

NZD/USD Classical 05.28

2010-05-28 08:19:00
Joel Kruger, Technical Strategist
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nzdusd05.28

NZD/USD:  The recent break below 0.6800 should now open a drop back towards the 0.6000 area over the coming weeks. However, the market is attempting to unwind from oversold levels. Nevertheless, any inter-day corrective rallies are now expected to be well capped ahead of 0.7000. 


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