Published May 1st, 2008 - 07:04 GMT Al Bawaba Our preferred count has been that a 1st wave down from .8215 is a leading diagonal and a wave 2 bounce ended at .8033. The NZDUSD has dropped below .7781, which makes a strong case that a 3rd wave decline is underway. Keep risk at .7879. LatestPopular After journalist Amal Khalil's death, activists call to cancel Israel-Lebanon meeting Fan gifts Anne Hathaway a Quran following 'Inshallah' viral moment Two trains collide in Denmark, injuring several people IAEA chief warns of rising global nuclear arms race Saudi-led rail project to link Turkey to the Gulf revives historic Hejaz route Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news