New Zealand Dollar Triangle

It looks like Kiwi is tracing out a triangle. The triangle is close to complete. Expect a small decline in wave E of the triangle before NZDUSD thrusts higher and makes a new high above .7491.

Since triangles lead to terminal thrusts, we would be looking for a reversal following the new high. Declining below .7362 negates the triangle scenario. Near term support is between .7919 and .7439.