New Zealand Dollar Technical Outlook

I wrote earlier in the week that “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 yesterday, this count is confirmed. .6340 is the objective. Remaining above .5890 keeps the near term trend pointed higher.