New Zealand Dollar Stalls at 61.8%

Commentary: With the appearance of 5 waves higher from .6824, we are expecting a correction back to at least .7468 and possibly .7304. 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 at the 61.8% of .8108-.6639 at .7547.

Strategy: Flat