Commentary: Kiwi has made a nasty reversal following Friday?s push through .7600. Very short term (15 min chart), there are 5 waves down from the top (.7637), which indicates additional bearish potential.
We will look to align with bears on a setback at .7535 and are targeting the May low at .7238. .7637 is the line in the sand. Strategy: Looking to get bearish at .7535, against .7637, targeting .7238.