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Old 06-08-2007, 09:40 AM
DailyFx's Avatar
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Join Date: Jan 2007
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Default New Zealand Dollar Towards .7400
Commentary: Kiwi is in the same position as the AUDUSD as it seems likely that a deeper correction will occur.


Yesterday?s candle is identical to that of the AUDUSD and daily RSI also exhibits divergence. .7463 and .7406, the 100% and 161.8% extension of .7573-.7481/.7555 are potential short term support levels. Short term bearish opportunities exist below .7555.
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