GBPNZD short

9 Haz 2016

Cycle from 4/19 low has ended with wave ((X)) at 2.2008 on 5/26 & down from there has an W in place at 2.0690, X @ 2.1200 & while below there during the next ((x)) bounce equal legs-1.236 extension for Y of (W) comes in at 1.9875-1.9562. Afterward expect the X bounce fails below 5/26 highs again for the next leg lower.