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New Zealand Dollar Technical Outlook New Zealand Dollar Technical Outlook
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Old 06-25-2008, 10:30 AM
DailyFx's Avatar
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Default New Zealand Dollar Technical Outlook
Bigger picture, the NZDUSD is expected to advance to the 50% of .7921-.7445 at .7683 and perhaps even the 61.8%-78.6% at .7740-.7920.


A rally to there would fill the 6/4 gap. The up-down sequence from .7445 is probably waves A and B. Wave C is considered underway as long as price is above .7445. As such, a bullish bias is warranted against .7445 (for a push through .7646).
STRATEGY: Bullish, against .7445, target TBD
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