New Zealand Resistance Not Until .7730
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-21
Commentary: The Kiwi is a similar position. The rally from .7435-.7675 was in 3 waves, which suggests that the path is to the downside. However, a more complex correction is possible and even seems likely given the structure in the EURUSD (suggests dollar weakness).
A complex correction would be expected to end near .7729.
Strategy: Flat
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