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NZD/USD Classical Technical Report 06.22

NZD/USD Classical Technical Report 06.22

2012-06-22 06:42:00
Joel Kruger, Technical Strategist
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Daily_Classical_NZDUSD_body_nzd.png, NZD/USD Classical Technical Report 06.22

NZD/USD: The intense rally since early June has stalled for now, with the market pulling back from recent highs by 0.8000. From here however, we still see room for additional upside, and would look for any short-term weakness to be supported in the 0.7700 area ahead of strength potentially towards 0.8150-0.8200. Only a close back under 0.7700 would negate.

--- Written by Joel Kruger, Technical Currency Strategist

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

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