At this point there is no proof that the structure turns into a double corrective and we get a renewed leg to the upside, that will only happen on a breach of 6748. The reason the chart is posted, after todays strong momentum to the upside, this could be an area to start initiating a first position, perhaps small, and then looking to add once the double structure is confirmed.
There is a bias in this chart (if you've seen some of my other charts) as I'm extremely the USD. Which is the reason why I believe we will have an uptrend in the NZDUSD that is likely to last a few months.
Please see the related charts to understand why I'm USD.
When the USD is , traders are drawn to the kiwi because of it's attractive carry rate.
A breach of B wave lows at 6563 invalidates the setup. Targets will be determined as the wave develops with a min target of 6900. Best entry would be by buy stop above today's highs as momentum has slowed down.