Commentary: The Kiwi structure is unfolding as expected. We wrote yesterday that a correction is likely complete at .7005 and we expect the rally to accelerate in the next few hours in a 3rd wave.
The rally accelerated and the pair has exceeded the wave a high of .7272. Bullish objectives are the 100% ext. of .6639-.7272/.6824 at .7456 and the 61.8% of .8108-.6639 at .7547. Near term support is at .7227.
Strategy: Remain bullish, move risk to .7005 (from .6824), target .7456-.7547