Commentary: We presented the bullish count yesterday, which suggested that “a rally is likely to accelerate in a small 3rd wave. Price above .7467 keeps the trend pointed higher.
Coming under this level triggers the bearish count.” Kiwi’s rally has continued and like the AUDUSD, a small wave iv correction should play out above .7601. The Fibo support zone is .7635/74. Eventually, we expect a new high (above .7738…likely with .7601 remaining intact).
Strategy: Flat