New Zealand DollarClear Short Term Pattern

[B]Commentary:[/B] The short term pattern in Kiwi has cleared up. A rally through .7838 would complete 5 waves from .7714 and set the stage for additional gains.

On the other hand, if price comes under .7770 before rallying through .7838, there would only be 3 waves up from the bottom, which would set the stage for additional losses. We should know the expected future path of Kiwi within the next day.

[B]Strategy:[/B] Flat