We also expect a new high in the NZDUSD. The decline from .8214 is corrective to this point and could be a small 4th wave within a 5 wave rally from .7814. Potential support is at .8092 (38.2%) and .8066 (2/26 reaction low). The bias remains bullish as long as price is above .7902.
A 5th wave rally should begin soon and could test .8364 (100% extension). If the drop from .8214 turns into an impulse, then we will look for short opportunities.
