NZDUSD Elliott Wave count:
In the higher time frame probably we will get a very big rally
But as a EW trader I always count with alternatives. Here is the alternative
In the daily time frame probably we are in the 2nd wave correction. If this instrument is too much bullish now then I think the wave 2 probably will end here. But it could extend for some times. But I think the environment will change if the price destroy all kind corrective move and rapidly like impulse move go beyond 0.6800 then probably bullish environment will change.
Lower times wave analysis
Fundamentally NZD is in the recovery and USD struggling to come in the recovery from recession and recent FOMC statement tone was more dovish. Risk on environment still going. But we have to keep in mind that anytime business cycle could change and Risk off sentiment can come.