The NZDUSD is similar to the AUDUSD in that the risk of a pullback is increasing. As I’ve mentioned in recent weeks, “the bullish target zone / potential topping area for the NZDUSD is between .5457 (former 4th wave and 50% retracement) and .56 (61.8% retracement).” Price has nearly reached the upper end of this area but momentum is strong, so don’t be surprised if .56 fails to hold. The lower end of the FOY pivot zone (see EURUSD for explanation) is at .58. That is the target area. Move risk to .5460.