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New Zealand Dollar Vulnerable
Written by article default Tuesday, 21 September 2010 18:25
Ultimately, the NZDUSD will probably break above 7400 and then 7640 in order to complete its own 3 wave advance from the 2009 low. The pattern that best fits with what’s going on in the AUDUSD is a completed flat at 6945 in wave b of Y. The latest rally is probably wave i of c of Y. The implications are for a drop down to 7160 before the larger rally resumes.
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