New Zealand Dollar Breakout Looks Healthy

[B]Commentary[/B]: No change in Kiwi. "Looking at the rally from .7237, it is possible that Kiwi is just now entering a third of a third wave that could see the pair test .7848-.8093 in the next couple of weeks (this is the 100%-161.8% of .7237-.7637/.7452). The alternate count is that an ending diagonal from .7237 is close to complete and that a decline will begin soon.

Remaining above .7571 keeps the former count favored." Based on the outlooks for Kiwi and Aussie, AUDNZD looks likely to accelerate its decline.

[B]Strategy[/B]: Bullish now (breakout), against .7571, target TBD (above .8000)