The drop from .8214 is in just 3 waves and is therefore corrective. The rally from .7922 to .8081 is an impulse, which makes us confident in the bullish count. Similar to the AUDUSD, the NZDUSD is expected to make one more high in a 5th wave (above) .8214) before a major reversal occurs.
STRATEGY: Bullish, against .7922, target TBD