The pair topped out yesterday at the .6500 figure and has declined 50 pips from there. There is support just below current price at the 9/5 low at .6438. It takes a break below there to bolster bearish prospects. Initial resistance remains yesterday’s high at .6502.
New Zealand Dollar Digests Losses
Thu Sep 07 13:20:00 GMT 2006
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.DISCLOSURES