New Zealand Dollar Decline Corrective

[B]Commentary[/B]: We have been looking for a decline and wrote yesterday that "the form still suggests that any decline will be corrective and that Kiwi is headed higher.

.8247, the 161.8% of .7714-.7940/.7882 is a new target." We still look for Kiwi to advance towards this level over the next few months but a correction is currently playing out. A c wave should come under .7996 in order to complete the correction. Wave c would equal wave a at .7968.

[B]Strategy[/B]: Bearish now, against .8107, target .7968