See my post (chart) from 21 Feb... This drop and the whole correction should be very close to bottom if not finished, probably 0.5990 to 0.5940 and the next move up to 0.65 to 0.67
We should wait and see the development before we decide if this would be continuation up of a larger degree C or just first leg A of B of larger B.
There is a slight chance of seeing one more move down (possible wave 5 if this drop C develops IM...) below mentioned target support of .599 <> .594 but even so I expect a min move up to .635<>.64 first.
Once again I don't follow NZD so take it with reserve.
ID
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