New Zealand Dollar Technical Outlook

The NZDUSD has exceeded .8024 as expected. This may complete an A-B-C rally from .7781.

Remember, our focus is on the support line that dates to August 2007. Our longer term bias is that a large wave B of an expanded flat is complete at.8215 and that the NZDUSD is headed lower in a C wave that will eventually drop below .5927.