New Zealand Dollar Keep Risk Tight Above .7486

Commentary: We wrote yesterday that the decline to .7304 was wave iv within the 5 wave rally from .6824 (which is either larger wave 3 or C) and that “it is our working assumption as long as price is above .7185 (top of wave i of C)?a push through .7486 could lead to a sharp reversal.”

Remain bullish but keep risk tight on a rally through .7486.

Strategy: Remain bullish, against .7185 target .7547/89