New Zealand Should Come Under .7500

Commentary: There is no change to the Kiwi (the pattern is not as clear as the AUDUSD pattern). “With 5 waves already up from .6824, the decline from .7668 could be wave a of a larger correction, likely a flat. b waves in flats often test the origin of wave a and it is not uncommon for the b wave to exceed the origin of a.”

After briefly trading above .7668, it is our contention that price is rolling over in wave c that should come under .7501.

Strategy: Flat