New Zealand Dollar Technical Outlook

This is the long term count that we have been following (short term is not clear).

The implications are that the NZDUSD has just entered a large C wave decline that will eventually come under .5927. The problem is that the decline since .8215 does not look impulsive. 1st waves often are tricky to count so it is possible. We’ll look for opportunities to sell below .7921 in the weeks ahead.