Following this week’s success with NZD/USD, I am again highlighting the Kiwi to finish this week.

Having rallied nicely Yesterday, NZD/USD can extend its advance above .8265/80 resistance today to around the mid .8300’s. This would likely then exhaust strength in the short term, prompting a corrective reaction of about 100/150 points. Such a reaction would then set-up another good Buying opportunity for next week. Only a decisive break above the mid .8300’s today would instead argue that the Kiwi’s Uptrend was gathering momentum; with the Kiwi then intent upon retesting February’s .8470 high, already.

This opportunity will be updated in my regular FX forecasts (which also cover EUR, JPY, GBP, CHF and AUD). It is sent out daily by email to my subscribers in 30 odd countries. If you would like a 3 week trial of the service email me at TRL@clear.net.nz

Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.