The head and shoulders ‘look’ is still there but the decline from .5987 is in 3 waves, which warns of additional upside potential. Also, the right shoulder is consuming too much time. Remaining above .5624 keeps the NZDUSD on a path towards higher prices. On the daily today, I am highlighting how wave C of an A-B-C advance from the low may be underway. Under this count, the NZDUSD would exceed .60 and potentially reach .6340 or .6740 in the next few months.
