Commentary: The NZDUSD already tested the 61.8% of .6639-.7272 at .6881, so it has been out contention that a b wave low was already in place at .6869. However, Kiwi has falied to turn higher, opening up the possibility of a test of .6869.
The next potential support level would be the 78.6% at .6775 followed by the low at .6639. Given the outlook for the Aussie, we expect one more rally leg (above .7272) before the next major bear wave.
Strategy: Remain bullish, against .6869, target .7500