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NZD/USD Classical 07.06

NZD/USD Classical 07.06

2010-07-06 05:41:00
Joel Kruger, Technical Strategist
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Nzd/Usd: In the process of consolidating the latest round of setbacks below 0.7000, and the risk from here is for a bearish continuation and fresh drop back towards the current yearly lows at 0.6560 over the coming days. Only a close back above 0.7000 negates. 

 

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