NZDUSD is trading beautifully since start of July with five-waves to the upside, which is an indication where the higher degree trend can go. That said, latest decline from the 0.6856 level can be a three-wave contra-trend reaction that is now at possible support at the 0.6783 level. Here can various Fibonacci ratios and the lower channel line react as support and push the pair into a five-wave recovery.
