[B]Commentary[/B]: Kiwi is in a similar position. “A larger B wave or (2nd wave) is unfolding from .7553, which we expect to exceed .7731 before wave C (or 3rd wave) brings price much lower. The 38.2% of .8108-.7553 at .7765 is an objective for the end of the rally from .7531.”
Near term, Kiwi is bullish against .7531 as the pattern unfolding from .7553 may be an inverse head and shoulders.
[B]Strategy[/B]: Bullish now, against .7531, target .7750