New Zealand Dollar Technical Outlook

STRATEGY: Bearish, against .8173, target TBD


Kiwi much like the Aussie has found a near term bottom and may attempt a rally to 8000-8050 region from which it tumbled on Friday. On the other hand, a drop through the recent lows of 7881 portends steeper downside action for the pair as its descent is likely at accelerate.

STRATEGY: Bearish, against .8173, target TBD