New Zealand Dollar 5th Wave Objective Above .7491

Commentary: Kiwi looks just like the AUDUSD. The 3 wave correction that ended at .7237 is bullish and Kiwi is breaking through a resistance line drawn off of the 4/26 and 5/15 highs.

Support should be strong at .7299 and price must remain above .7237 in order for us to remain bulls. Similar to the Aussie, we are expecting a break above .7491 in a 5th wave. Strategy: Bullish now, against .7237, targeting a break above .7491