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NZD/USD Classical 02.25

NZD/USD Classical 02.25

2011-02-25 06:56:00
Joel Kruger, Technical Strategist
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NZDUSD_Classical_body_nzd2.png, NZD/USD Classical 02.25

NZD/USD:Rallies continue to be very well capped and the market has once again stalled out in favor of yet another bearish reversal. From here, we see risks for additional declines towards 0.7300 over the coming sessions, with any intraday rallies expected to be well capped below 0.7600 on a close basis.

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

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