New Zealand Dollar Technical Outlook

I wrote yesterday that “on the daily today, I am highlighting how wave C of an A-B-C advance from the low may be underway. Under this count, the NZDUSD would exceed .60 and potentially reach .6340 or .6740 in the next few months.” Having broken the wave A high today, this count is confirmed. .6340 is the objective and there is potential support at .5850. Price should remain above .5782.