The NZDUSD has soared to a new high. The rally from .5484 is in 5 waves therefore the risk of at least a pullback, potentially to .5829, is high. The advance from below .5000 is most likely an A-B-C (zigzag) and wave C would equal wave A at .6581. While upside potential remains, a drop below .6125 would signal a reversal.