New Zealand Dollar 5 Waves Up from .6824

Commentary: The Kiwi structure is unfolding as expected. That is, the rally from .6824 is impulsive (5 waves), indicating additional upside potential. The sideways consolidation that has taken place since last night is most likely a small 4th wave that will lead to a slight new high.

A small correction is then expected but the trend is up unless .6824 is broken.

Strategy: Remain bullish, against .6824, target above .7272