New Zealand Dollar Longer Term Trend Change

[B]Commentary:[/B] The short term pattern in the Kiwi is the same as the Aussie. A clear 5 waves down sets the stage for a longer term decline but immediate risk is to the upside towards .7684 and potentially .7873.

We are expecting the rally to unfold correctively and will be looking for an opportunity to get bearish on the bounce.

[B]Strategy:[/B] Flat