We’ve altered the labeling slightly since yesterday.
There are 5 waves down from .7921. This drop either completes a large C wave or is wave 1 of 3 in a longer term decline. Either way, the NZDUSD is expected to advance in the coming weeks and months, even if just correctively. The 50% of .7921-.7445 at .7683 is likely and the 61.8%-78.6% at .7740-.7920 is possible, especially since a rally to there would fill the 6/4 gap.
STRATEGY: Bullish, against .7445, target .768 and TBD
