New Zealand Dollar Technical Outlook

Kiwi is tracking our preferred count (short term) and came just pips from triggering the bullish objective at .7915 this morning.

“There are 5 waves up from .7536 and a corrective decline to .7710, indicating with a high probability that the next leg up in the NZDUSD is underway. A bullish target is .7947 (100% extension).”
STRATEGY: Bullish, against .7710, target .7915