New Zealand Dollar Potential Support at .7237

[B]Commentary:[/B] We wrote yesterday that “a measured objective for the end of the decline is the 100% extension of .8108-.7553/.7701 at .7146. Chart support is at .7237 (5/24 low).”

Continue to favor the downside and test of the mentioned levels. The near term bear case is strong as long as price is below .7488.

[B]Strategy:[/B] Flat