I would still like to see the NZDUSD complete 5 waves up from .5186 but with patterns in the GBPUSD and AUDUSD suggesting weakness, I am not confident that Kiwi will exceed .6090. In any case, a push through would target Fibonacci resistance at .6183, which is combined with former congestion (circled).
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Thursday, January 8, 2009
New Zealand Dollar Technical Outlook
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