New Zealand Dollar Technical Outlook

The NZDUSD is lagging the AUDUSD but my bias has changed from bullish to flat here as well. That the NZDUSD has not made a new high and the AUDUSD has may mark a non-confirmation…a divergence. There is divergence as well with daily RSI. Structurally, the NZDUSD rally from .5831 may be a truncated 5th wave (wave v of C in this case).