[B]There is no change to the NZDUSD bearish count. “Our confidence in the bearish count that we proposed a few weeks ago has grown. We view the rally from .6639 to .8215 as a large expanded flat (A-B-C). Wave C of that rally is an ending diagonal (waves 1-2-3-4-5 are overlapping and each subdivide into 3 waves). [/B]
Bigger picture, .8215 may be the end of wave B from .5927. Price is expected to eventually come under .5927.” Near term, the NZDUSD needs to stay below .8101 in order for the bearish count to remain favored.