New Zealand Dollar Confined to Range

[B]Commentary:[/B] The same can be said for the NZDUSD as the pair remains confined to what we are treating as a 4th wave correction. "Kiwi is in a similar situation (compared to Aussie). That is, a 4th wave correction may be complete or close to complete at .7026. The 38.2% of .7701-.6639 is at .7045 and is potential resistance.

A drop under .6639 would make the decline from the top (.8108) 5 waves. A large upward correction would follow."

[B]Strategy:[/B] Flat