New Zealand Dollar Remains In Wedge

The decline from the top (.7491) takes on the shape of a wedge and is bullish. A break through the top of the wedge near .7400 would signal that price is likely headed for a re-test of .7491.

Friday?s candle is a hammer (bullish reversal) and supports this outlook. Last week?s low needs to hold (.7330) for bulls to remain in control.