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View Full Version : NZ Dollar May Decline to 45 US Cents: Technical Analysis - Bloomberg



NewsWhore
03-03-2009, 12:00 AM
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NZ Dollar May Decline to 45 US Cents: Technical Analysis (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaloaiVRdqPH8%26refer%3Daustralia&cid=0&ei=FrqsSZTOCIixmAeO--D3Aw&usg=AFQjCNGLgBLV5I6UKKG4YFyqzrqLuyG00Q)
Bloomberg
The currency last traded close to 45 cents in August 2002. Fibonacci analysis uses a mathematical formula based on the theory that prices rise or fall by certain percentages after reaching highs and lows. A break of a Fibonacci level indicates a ...


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