[MDunleavy]

NZD/USD continued its free fall, but at least escaped the very steep channel. Has it found a bottom after diving so deep? NBNZ Business Confidence is the highlight of this week.
--Steep Channel Broken
--As the graph shows, the pair managed to break out of a steep downtrend channel since that accompanied it since the beginning of May. Does this signal a stabilization?
--I remain bearish on NZD/USD
--The kiwi proved to be quite vulnerable, as the worsening European mess joins another drop in Chinese manufacturing PMI. 0.7370 is the next target.[By forexcrunch]

Learn more :
~~~>[url]https://docs.google.com/spreadsheet/pub?key=0AhxKzvQ2GlM8dDBqYWl6XzlEbFZDWFVob0FMbG9nbGc&output=html[/url]
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~~~>[url]http://img834.imageshack.us/img834/669/12may27.pdf[/url]
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