New Zealand Dollar Stalling at Big Congestion Zone

Commentary: The rally from .6824 is either the end of a correction (wave C) or wave 3 within a 5 wave bull cycle from .6639. Price has stalled within the former congestion zone (.7531-.7731).

A larget setback over the next few weeks to the former 4th wave at .7304 is possible.

Strategy: Flat