Max McKegg

PO Box 22-304,Wellington 6441, New Zealand. Tel. 64-4-479-0983, Fax 64-4-479-0985

NZD / USD, last at .8130    - June 20th,  2011

Already, the Kiwi has completed a requisite corrective structure off this month’s .8300 high but I suspect that a more significant correction may be developing (see chart below). Until the .8300 resistance level is cleared, cautions risk of another sell-off below last week’s .7975 low – toward the .7700 level, possibly even the mid .7500’s, before exhaustion; to herald a resumption of Uptrend (in what may a developing C-Wave Diagonal Triangle or classical Wedge structure), onto new highs for the year.

Updates to this forecast will be given in my daily service which goes out to my subscribers in some 40 countries. These include Banks and hedge funds as well as private traders. I have been a professional FX analyst and trader for 26 years. My daily service covers EUR, CHF, JPY, GBP AUD and NZD.

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Disclaimer: Max McKegg accepts no liability for any loss or damage that may directly or indirectly result from any advice, opinion, information or omission whether negligent or otherwise, contained in this report.