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NZD/USD Classical Technical Report 03.22

NZD/USD Classical Technical Report 03.22

2012-03-22 06:43:00
Joel Kruger, Technical Strategist
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daily_classical_kiwi_body_nzd.png, NZD/USD Classical Technical Report 03.22

NZD/USD: Our bearish outlook in this market is being reaffirmed with the latest pullback and we continue to project deeper setbacks over the coming days and weeks. A fresh lower top now looks to be carving by 0.8290 and only back above 0.8200 would delay and give reason for concern. From here, look for the latest break below 0.8100 to open the next downside extension below 0.8000 over the coming sessions.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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