The NZDUSD has entered a long term decline. Our longer term objective is not until below .5927. However, there will be countertrend movements along the way, one of which is probably underway now. With 5 waves down from .7761 (as wave 1 of 3 of C), expectations are for a countertrend rally to end near .7467 (former congestion) late this week or next week.
