New Zealand Dollar Reversal Potential at .7550

Commentary: With the appearance of 5 waves higher from .6824, at least a correction is due. The rally from .6824 is either the end of a correction (wave C) or wave 3 within a 5 wave bull cycle from .6639.

Near term support is at .7304. The pair is approaching the 61.8% of .8108-.6639 at .7547, which is a potential reversal point.

Strategy: Move to flat (from bullish)