New Zealand Dollar .6869 Critical For Bulls

Commentary: Naturally, the Kiwi is in the exact same position as the AUDUSD. Since the NZDUSD already tested the 61.8% of .6639-.7272 at .6881, it seems more likely that a B wave low is already in place at .6869 and that price is headed higher in wave C to test .7500 before a reversal.

.7501 is the 100% extension of .6639-.7272/.6869 and .7547 is the 61.8% retracement of .8082-.6639. If price fails to remain above .6868, then a test of the low at .6639 would be favored.

Strategy: Remain bullish, against .6869, target .7500