New Zealand Dollar Series of Higher Lows is Bullish

[B]Commentary[/B]: The decline from .7690 to .7584 is in 3 waves so far but a rally through .7635 is needed to instill confidence in the upside again. The AUDUSD pattern is much clearer. Considering that the two currencies are highly correlated, a cautious bullish stance is reasonable.

The longer term bull is intact above .7452.

[B]Strategy[/B]: None